Chicago Capital LLC Buys 25,585 Shares of Apple Inc. (NASDAQ:AAPL)

Chicago Capital LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 545,774 shares of the iPhone maker’s stock after purchasing an additional 25,585 shares during the quarter. Apple makes up 3.4% of Chicago Capital LLC’s investment portfolio, making the stock its 5th largest holding. Chicago Capital LLC’s holdings in Apple were worth $114,951,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Allied Investment Advisors LLC lifted its position in shares of Apple by 2.7% during the 1st quarter. Allied Investment Advisors LLC now owns 82,976 shares of the iPhone maker’s stock worth $14,229,000 after purchasing an additional 2,166 shares during the last quarter. Capital CS Group LLC increased its position in Apple by 111.6% in the 1st quarter. Capital CS Group LLC now owns 4,762 shares of the iPhone maker’s stock worth $817,000 after buying an additional 45,729 shares during the period. First Affirmative Financial Network increased its position in Apple by 8.4% in the 1st quarter. First Affirmative Financial Network now owns 21,997 shares of the iPhone maker’s stock worth $3,772,000 after buying an additional 1,700 shares during the period. Ballew Advisors Inc lifted its holdings in shares of Apple by 2.5% during the first quarter. Ballew Advisors Inc now owns 7,842 shares of the iPhone maker’s stock worth $1,316,000 after buying an additional 191 shares during the last quarter. Finally, Meyer Handelman Co. boosted its position in shares of Apple by 16.0% in the first quarter. Meyer Handelman Co. now owns 604,207 shares of the iPhone maker’s stock valued at $103,609,000 after acquiring an additional 83,222 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 2.2 %

Shares of NASDAQ AAPL opened at $230.76 on Thursday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a 50-day moving average of $226.64 and a two-hundred day moving average of $209.48. The company has a market cap of $3.54 trillion, a PE ratio of 35.89, a P/E/G ratio of 2.40 and a beta of 1.24. 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 issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating 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 analyst estimates of $84.43 billion. During the same quarter last year, the business posted $1.26 earnings per share. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was 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 approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Apple 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 completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock worth $114,786,399 over the last 90 days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AAPL shares. Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Barclays reaffirmed an “underweight” rating and set a $186.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Citigroup lifted their target price on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $261.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and raised their price objective for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $237.27.

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.