PrairieView Partners LLC Purchases 939 Shares of Apple Inc. (NASDAQ:AAPL)

PrairieView Partners LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,871 shares of the iPhone maker’s stock after buying an additional 939 shares during the period. Apple accounts for approximately 0.6% of PrairieView Partners LLC’s holdings, making the stock its 24th biggest position. PrairieView Partners LLC’s holdings in Apple were worth $5,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Fidelis Capital Partners LLC grew its position in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares in the last quarter. Access Investment Management LLC purchased a new stake in shares of Apple in the first quarter worth about $140,000. Hoese & Co LLP boosted its stake in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Benchmark Wealth Management LLC purchased a new position in Apple during the 2nd quarter valued at approximately $208,000. Finally, Compass Financial Group Inc. bought a new stake in Apple in the 1st quarter worth approximately $210,000. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $233.85 on Wednesday. The company has a 50 day moving average price of $224.59 and a 200 day moving average price of $207.04. The firm has a market capitalization of $3.59 trillion, a P/E ratio of 36.37, a PEG ratio of 2.40 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s payout ratio is presently 15.55%.

Analysts Set New Price Targets

A number of research firms have recently commented on AAPL. Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 target price (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Sanford C. Bernstein increased their price objective on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. UBS Group boosted their target price on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Citigroup reaffirmed a “buy” rating and issued a $255.00 price target on shares of Apple in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Insider Activity

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,924 shares of company stock valued at $114,786,399. Company insiders own 0.06% of the company’s stock.

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.