Apple Inc. (NASDAQ:AAPL) Shares Acquired by Black Diamond Financial LLC

Black Diamond Financial LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 5.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,762 shares of the iPhone maker’s stock after purchasing an additional 1,434 shares during the period. Apple makes up 1.2% of Black Diamond Financial LLC’s holdings, making the stock its 26th biggest holding. Black Diamond Financial LLC’s holdings in Apple were worth $6,058,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAPL. Access Investment Management LLC acquired a new position in shares of Apple during the first quarter worth about $140,000. Hoese & Co LLP grew its holdings in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares in the last quarter. Sage Financial Group Inc. purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $206,000. Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $208,000. Finally, Sequent Asset Management LLC acquired a new position in shares of Apple during the second quarter worth $214,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Robert W. Baird raised their price target on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research note on Friday, October 25th. Loop Capital increased their price target on shares of Apple to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America reissued a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.23.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $222.91 on Friday. The firm has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.45 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. The business’s 50 day simple moving average is $227.18 and its 200-day simple moving average is $212.33. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.15. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 15.22%.

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.