305 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 305 shares of the iPhone maker’s stock, valued at approximately $71,000.

Several other hedge funds have also recently bought and sold shares of AAPL. Bull Oak Capital LLC increased its position in shares of 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 purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Bank of America raised their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four investment 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Apple Trading Up 1.3 %

NASDAQ AAPL opened at $244.60 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $3.67 trillion, a P/E ratio of 38.83, a P/E/G ratio of 2.32 and a beta of 1.20. The stock’s 50-day moving average is $240.70 and its 200-day moving average is $231.59.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio is currently 15.87%.

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.