Fischer Investment Strategies LLC Buys 403 Shares of Apple Inc. (NASDAQ:AAPL)

Fischer Investment Strategies LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,709 shares of the iPhone maker’s stock after buying an additional 403 shares during the period. Apple accounts for about 0.8% of Fischer Investment Strategies LLC’s portfolio, making the stock its 17th largest holding. Fischer Investment Strategies LLC’s holdings in Apple were worth $781,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Apple during the 2nd quarter worth about $36,219,000. Team Financial Group LLC boosted its holdings in Apple by 3.0% in the 2nd quarter. Team Financial Group LLC now owns 3,492 shares of the iPhone maker’s stock valued at $736,000 after purchasing an additional 102 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Apple by 1.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 205,828 shares of the iPhone maker’s stock valued at $43,187,000 after purchasing an additional 2,290 shares during the period. Epoch Investment Partners Inc. boosted its holdings in Apple by 46.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,835,228 shares of the iPhone maker’s stock valued at $386,536,000 after purchasing an additional 580,631 shares during the period. Finally, Greenline Partners LLC boosted its holdings in Apple by 6.8% in the 2nd quarter. Greenline Partners LLC now owns 40,328 shares of the iPhone maker’s stock valued at $8,741,000 after purchasing an additional 2,578 shares during the period. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Robert W. Baird boosted their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Tigress Financial boosted their price objective on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Evercore ISI restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.51.

Insider Activity

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 sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Timothy D. Cook sold 223,986 shares of the 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 directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,746 shares of company stock valued at $93,021,362. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 0.1 %

Shares of NASDAQ AAPL opened at $226.96 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The firm has a 50 day moving average price of $226.82 and a two-hundred day moving average price of $214.03. The stock has a market cap of $3.43 trillion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the company posted $1.46 EPS. The company’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

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.