Point72 Italy S.r.l. Acquires New Holdings in Apple Inc. (NASDAQ:AAPL)

Point72 Italy S.r.l. bought a new stake in Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 18,280 shares of the iPhone maker’s stock, valued at approximately $3,850,000. Apple comprises about 1.7% of Point72 Italy S.r.l.’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also added to or reduced their stakes in AAPL. Fidelis Capital Partners LLC grew its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the last quarter. Access Investment Management LLC purchased a new stake in Apple in the first quarter valued at approximately $140,000. Hoese & Co LLP increased its holdings in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. purchased a new position in Apple during the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $208,000. 60.41% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 412,746 shares of company stock valued at $93,021,362 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. TD Cowen lifted their price objective on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and lifted their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. UBS Group restated a “hold” rating and issued a $236.00 price objective on shares of Apple in a research report on Wednesday, October 16th. Evercore ISI reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Finally, KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

Apple Trading Down 1.2 %

Shares of AAPL stock opened at $224.23 on Tuesday. The firm’s fifty day simple moving average is $226.82 and its 200 day simple moving average is $214.68. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1 year low of $164.07 and a 1 year 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 the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. As a group, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid 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 dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) 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.