Apple Inc. (NASDAQ:AAPL) Holdings Increased by KP Management LLC

KP Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,000 shares of the iPhone maker’s stock after acquiring an additional 4,000 shares during the quarter. Apple comprises about 3.6% of KP Management LLC’s investment portfolio, making the stock its 6th biggest position. KP Management LLC’s holdings in Apple were worth $10,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. China Universal Asset Management Co. Ltd. boosted its stake in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares during the period. Onyx Bridge Wealth Group LLC lifted its stake in Apple by 0.9% in the first quarter. Onyx Bridge Wealth Group LLC now owns 92,150 shares of the iPhone maker’s stock worth $15,601,000 after purchasing an additional 781 shares during the last quarter. Paragon Advisors LLC boosted its position in shares of Apple by 35.8% during the first quarter. Paragon Advisors LLC now owns 18,183 shares of the iPhone maker’s stock valued at $3,118,000 after buying an additional 4,793 shares during the period. Castle Wealth Management LLC grew its stake in shares of Apple by 0.8% during the first quarter. Castle Wealth Management LLC now owns 23,998 shares of the iPhone maker’s stock valued at $4,115,000 after buying an additional 191 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its stake in shares of Apple by 28.9% during the first quarter. Silicon Valley Capital Partners now owns 229,441 shares of the iPhone maker’s stock valued at $39,345,000 after buying an additional 51,428 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 1.4 %

AAPL stock opened at $225.00 on Monday. The stock has a market capitalization of $3.40 trillion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $227.04 and a 200 day moving average of $216.61.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping 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 business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued 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 was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AAPL shares. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and boosted their target price for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, November 1st. New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Finally, Tigress Financial raised their target price on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction 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 approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,040 shares of company stock worth $91,062,512 over the last three months. 0.06% of the stock is currently owned by insiders.

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.