Apple Inc. (NASDAQ:AAPL) Shares Purchased by Macroview Investment Management LLC

Macroview Investment Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,649 shares of the iPhone maker’s stock after acquiring an additional 625 shares during the quarter. Apple comprises 2.2% of Macroview Investment Management LLC’s holdings, making the stock its 14th largest holding. Macroview Investment Management LLC’s holdings in Apple were worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. First Bancorp Inc ME raised its stake in shares of Apple by 3.3% in the 2nd quarter. First Bancorp Inc ME now owns 30,201 shares of the iPhone maker’s stock valued at $6,361,000 after acquiring an additional 956 shares during the period. Iowa State Bank increased its holdings in Apple by 1.8% in the 2nd quarter. Iowa State Bank now owns 83,106 shares of the iPhone maker’s stock valued at $17,504,000 after purchasing an additional 1,431 shares during the last quarter. Busey Bank raised its position in Apple by 0.8% in the second quarter. Busey Bank now owns 1,025,702 shares of the iPhone maker’s stock valued at $216,033,000 after purchasing an additional 7,805 shares during the period. TFC Financial Management Inc. raised its position in Apple by 0.7% in the second quarter. TFC Financial Management Inc. now owns 52,910 shares of the iPhone maker’s stock valued at $11,144,000 after purchasing an additional 377 shares during the period. Finally, Elser Financial Planning Inc acquired a new position in Apple during the second quarter worth $5,271,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AAPL. Cfra boosted their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Raymond James boosted their price target on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Citigroup reissued a “buy” rating and issued a $255.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Erste Group Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Finally, Wedbush reiterated an “outperform” rating and set a $285.00 target price on shares of Apple in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock worth $23,723,887 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.8 %

AAPL stock opened at $226.47 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company’s 50 day simple moving average is $222.25 and its 200-day simple moving average is $200.82. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The firm has a market capitalization of $3.47 trillion, a PE ratio of 35.22, a P/E/G ratio of 2.62 and a beta of 1.24.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Apple Company 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.