O Neil Global Advisors Inc. Invests $2.48 Million in Apple Inc. (NASDAQ:AAPL)

O Neil Global Advisors Inc. purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,750 shares of the iPhone maker’s stock, valued at approximately $2,475,000. Apple accounts for approximately 1.2% of O Neil Global Advisors Inc.’s holdings, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its position in Apple by 53.1% during the 1st quarter. GoalVest Advisory LLC now owns 10,835 shares of the iPhone maker’s stock worth $1,858,000 after acquiring an additional 3,757 shares during the period. Key Client Fiduciary Advisors LLC grew its position in Apple by 6.1% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 49,858 shares of the iPhone maker’s stock valued at $8,550,000 after buying an additional 2,886 shares during the last quarter. Aletheian Wealth Advisors LLC increased its stake in Apple by 71.0% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 26,776 shares of the iPhone maker’s stock valued at $4,592,000 after buying an additional 11,116 shares during the period. Visionary Horizons LLC raised its position in Apple by 1.4% during the 1st quarter. Visionary Horizons LLC now owns 4,780 shares of the iPhone maker’s stock worth $844,000 after buying an additional 66 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY lifted its stake in shares of Apple by 0.3% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 139,292 shares of the iPhone maker’s stock worth $23,886,000 after acquiring an additional 432 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on 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 sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents 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 quarter. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. UBS Group restated a “hold” rating and set a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Raymond James upped their target price on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, New Street Research reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.91.

Apple Stock Performance

Apple stock opened at $225.91 on Friday. The company has a market cap of $3.43 trillion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock’s 50-day moving average is $227.26 and its 200-day moving average is $211.69.

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

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.22%.

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.