Nia Impact Advisors LLC Purchases 541 Shares of Apple Inc. (NASDAQ:AAPL)

Nia Impact Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,108 shares of the iPhone maker’s stock after purchasing an additional 541 shares during the quarter. Apple accounts for 3.8% of Nia Impact Advisors LLC’s portfolio, making the stock its 3rd largest position. Nia Impact Advisors LLC’s holdings in Apple were worth $10,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new stake in Apple during the second quarter valued at approximately $316,000. Mills Wealth Advisors LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $223,000. Clear Investment Research LLC boosted its stake in Apple by 0.8% in the 2nd quarter. Clear Investment Research LLC now owns 14,902 shares of the iPhone maker’s stock valued at $3,139,000 after buying an additional 125 shares in the last quarter. Wilkins Investment Counsel Inc. grew its position in Apple by 1.7% in the second quarter. Wilkins Investment Counsel Inc. now owns 24,558 shares of the iPhone maker’s stock valued at $5,172,000 after acquiring an additional 405 shares during the period. Finally, Breakwater Investment Management raised its stake in Apple by 11.3% during the second quarter. Breakwater Investment Management now owns 2,033 shares of the iPhone maker’s stock worth $428,000 after acquiring an additional 206 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Shares of AAPL opened at $222.91 on Friday. 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 stock has a market cap of $3.39 trillion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The stock’s 50-day moving average price is $227.18 and its two-hundred day moving average price is $212.33. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.15. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $94.93 billion for 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% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 6.6 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, 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 can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AAPL shares. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. TD Cowen upped their price objective on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Moffett Nathanson initiated coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Morgan Stanley restated an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Raymond James lifted their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.