Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Mayport LLC

Mayport LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,269 shares of the iPhone maker’s stock after purchasing an additional 1,100 shares during the quarter. Apple accounts for 1.6% of Mayport LLC’s holdings, making the stock its 14th biggest position. Mayport LLC’s holdings in Apple were worth $4,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Yeomans Consulting Group Inc. purchased a new position in shares of Apple in the fourth quarter worth approximately $1,713,000. Raleigh Capital Management Inc. increased its position in shares of Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after acquiring an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Apple in the fourth quarter worth approximately $38,406,000. Barden Capital Management Inc. increased its position in shares of Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after acquiring an additional 18,615 shares in the last quarter. Finally, Sunpointe LLC purchased a new position in shares of Apple in the fourth quarter worth approximately $4,782,000. 60.41% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock worth $23,723,887 over the last three months. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAPL. Tigress Financial lifted 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. Barclays cut their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and lifted their target price for the company from $170.00 to $300.00 in a research note on Monday, July 15th. Cfra upped their price target on shares of Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $238.62.

Apple Stock Down 0.1 %

Shares of AAPL stock opened at $222.50 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The firm has a market cap of $3.38 trillion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. The stock has a 50 day moving average of $223.14 and a 200-day moving average of $198.63. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

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.