3,650 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Ecofi Investissements SA

Ecofi Investissements SA acquired a new position in Apple Inc. (NASDAQ:AAPL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,650 shares of the iPhone maker’s stock, valued at approximately $773,000. Apple accounts for 0.4% of Ecofi Investissements SA’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently bought and sold shares of AAPL. High Falls Advisors Inc lifted its position in shares of Apple by 0.8% during the 2nd quarter. High Falls Advisors Inc now owns 54,733 shares of the iPhone maker’s stock worth $11,528,000 after purchasing an additional 416 shares during the last quarter. Regal Investment Advisors LLC grew its stake in shares of Apple by 1.5% in the second quarter. Regal Investment Advisors LLC now owns 142,682 shares of the iPhone maker’s stock worth $30,052,000 after acquiring an additional 2,049 shares during the last quarter. Invst LLC increased its position in Apple by 8.3% during the second quarter. Invst LLC now owns 53,968 shares of the iPhone maker’s stock worth $11,698,000 after acquiring an additional 4,154 shares during the period. Second Line Capital LLC raised its stake in Apple by 5.6% during the 2nd quarter. Second Line Capital LLC now owns 24,172 shares of the iPhone maker’s stock valued at $5,091,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Wallace Advisory Group LLC boosted its holdings in Apple by 14.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 14,731 shares of the iPhone maker’s stock valued at $3,103,000 after purchasing an additional 1,855 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 1.4 %

Shares of NASDAQ:AAPL opened at $225.00 on Friday. The business has a 50 day moving average of $226.96 and a two-hundred day moving average of $215.60. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a market capitalization of $3.40 trillion, a PE ratio of 37.01, a PEG ratio of 2.21 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 (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,040 shares of company stock worth $91,062,512. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. Moffett Nathanson initiated coverage on Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Robert W. Baird increased their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Rosenblatt Securities boosted their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James lifted their price objective on Apple from $200.00 to $250.00 and gave the stock 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $235.51.

Apple 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.