RPG Investment Advisory LLC Has $28.05 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

RPG Investment Advisory LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 13.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,173 shares of the iPhone maker’s stock after buying an additional 15,290 shares during the quarter. Apple comprises 4.1% of RPG Investment Advisory LLC’s holdings, making the stock its 3rd biggest position. RPG Investment Advisory LLC’s holdings in Apple were worth $28,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bellwether Advisors LLC boosted its holdings in Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares during the period. Gentry Private Wealth LLC bought a new stake in shares of Apple in the second quarter valued at approximately $876,000. WT Asset Management Ltd acquired a new stake in Apple during the second quarter worth approximately $80,057,000. TD Asset Management Inc increased its stake in Apple by 10.3% during the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after acquiring an additional 1,557,848 shares during the period. Finally, Councilmark Asset Management LLC acquired a new position in Apple in the 1st quarter valued at $11,776,000. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.4 %

AAPL opened at $231.41 on Monday. The company has a fifty day moving average price of $226.86 and a two-hundred day moving average price of $210.64. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a market cap of $3.55 trillion, a P/E ratio of 35.99, a price-to-earnings-growth 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 posted its quarterly 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 for the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’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 transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Raymond James increased their price objective on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Maxim Group reaffirmed a “hold” rating and set a $203.00 target price on shares of Apple in a research note on Tuesday, September 10th. UBS Group reiterated a “hold” rating and issued a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Finally, Loop Capital boosted their price objective on Apple to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

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.