Apple Inc. (NASDAQ:AAPL) is Headlands Technologies LLC’s Largest Position

Headlands Technologies LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 691.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 362,474 shares of the iPhone maker’s stock after purchasing an additional 316,666 shares during the period. Apple makes up approximately 8.1% of Headlands Technologies LLC’s holdings, making the stock its largest holding. Headlands Technologies LLC’s holdings in Apple were worth $76,344,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AAPL. StockNews.com raised Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Barclays reissued an “underweight” rating and set a $186.00 price target on shares of Apple in a research report on Tuesday, October 1st. Maxim Group restated a “hold” rating and issued a $203.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

Apple Stock Up 0.4 %

Apple stock opened at $231.41 on Monday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a fifty day simple moving average of $226.86 and a two-hundred day simple moving average of $210.64. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.40 and a beta of 1.24.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 517,924 shares of company stock worth $114,786,399. 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.