Apple Inc. (NASDAQ:AAPL) Shares Bought by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 78.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,011 shares of the iPhone maker’s stock after purchasing an additional 9,706 shares during the quarter. Apple makes up approximately 0.2% of Angeles Investment Advisors LLC’s portfolio, making the stock its 27th largest holding. Angeles Investment Advisors LLC’s holdings in Apple were worth $4,636,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Bellwether Advisors LLC boosted its stake in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares during the last quarter. Gentry Private Wealth LLC purchased a new position in shares of Apple during 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 grew its stake in Apple by 10.3% in 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. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 1.3 %

Shares of Apple stock opened at $222.91 on Friday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a market capitalization of $3.39 trillion, a PE ratio of 33.93, a P/E/G 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 has a 50-day moving average of $227.18 and a 200-day moving average of $212.33.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Melius Research reissued a “buy” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. Loop Capital upped their price objective on shares of Apple to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Moffett Nathanson began coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. Finally, New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.23.

About Apple

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.