Apple Inc. (NASDAQ:AAPL) Holdings Raised by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,783 shares of the iPhone maker’s stock after buying an additional 2,488 shares during the quarter. Apple comprises approximately 5.0% of Greater Midwest Financial Group LLC’s investment portfolio, making the stock its 6th largest holding. Greater Midwest Financial Group LLC’s holdings in Apple were worth $11,481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple in the 2nd quarter worth approximately $42,000. Access Investment Management LLC purchased a new stake in Apple in the 1st quarter worth approximately $140,000. Hoese & Co LLP boosted its position 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 purchasing an additional 57 shares in the last quarter. Finally, Sage Financial Group Inc. purchased a new stake in Apple in the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

Apple stock opened at $225.00 on Monday. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 37.01, a PEG ratio of 2.20 and a beta of 1.24. The stock has a fifty day moving average price of $227.04 and a 200 day moving average price of $216.61. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. 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 announced its quarterly 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 company had revenue of $94.93 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity

In other news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the 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 owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AAPL shares. Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. UBS Group increased their target price on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday, November 1st. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, Oppenheimer reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Two research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.51.

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.