Legacy Investment Solutions LLC Acquires Shares of 3,330 Apple Inc. (NASDAQ:AAPL)

Legacy Investment Solutions LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,330 shares of the iPhone maker’s stock, valued at approximately $750,000.

Several other institutional investors also recently bought and sold shares of the business. Bull Oak Capital LLC increased its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc increased its stake in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Monness Crespi & Hardt upped their price target on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. Finally, Citigroup upped their price target on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Apple Stock Up 1.8 %

Shares of NASDAQ AAPL opened at $236.87 on Thursday. The stock has a market cap of $3.56 trillion, a P/E ratio of 37.60, a PEG ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The business’s fifty day simple moving average is $240.82 and its 200-day simple moving average is $231.30.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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.