Dantai Capital Ltd Raises Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Dantai Capital Ltd increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,500 shares of the iPhone maker’s stock after purchasing an additional 6,010 shares during the quarter. Apple accounts for approximately 9.6% of Dantai Capital Ltd’s investment portfolio, making the stock its largest position. Dantai Capital Ltd’s holdings in Apple were worth $8,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the 1st quarter worth $35,000. Fidelis Capital Partners LLC grew its position in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple during the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Apple in the 4th quarter valued at approximately $85,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

AAPL opened at $226.80 on Friday. The company has a market cap of $3.48 trillion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.66 and a beta of 1.24. The company’s fifty day moving average price is $222.90 and its two-hundred day moving average price is $204.06. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is 15.55%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AAPL. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. UBS Group boosted their price objective on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Raymond James raised their price objective on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Tigress Financial raised their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.76.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 458,619 shares of company stock valued at $101,352,630 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.