Sivia Capital Partners LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Sivia Capital Partners LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,416 shares of the iPhone maker’s stock after buying an additional 379 shares during the period. Apple makes up about 5.6% of Sivia Capital Partners LLC’s holdings, making the stock its 4th largest holding. Sivia Capital Partners LLC’s holdings in Apple were worth $8,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 worth $35,000 after acquiring an additional 31,278 shares in the last quarter. Access Investment Management LLC bought a new stake in Apple during the first quarter worth about $140,000. Hoese & Co LLP boosted its holdings in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares in the last quarter. Sage Financial Group Inc. bought a new position in shares of Apple during the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC purchased a new position in shares of Apple during the 2nd quarter valued at about $208,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 0.3 %

Apple stock opened at $235.86 on Wednesday. The business has a 50-day simple moving average of $226.46 and a two-hundred day simple moving average of $209.33. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $3.62 trillion, a P/E ratio of 36.68, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AAPL shares. Melius Research reiterated a “buy” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. TD Cowen increased their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Barclays reissued an “underweight” rating and issued a $186.00 price target on shares of Apple in a research note on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Thursday, September 19th. Finally, Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.27.

Apple 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.