Apple Inc. (NASDAQ:AAPL) Shares Purchased by Augustine Asset Management Inc.

Augustine Asset Management Inc. boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,527 shares of the iPhone maker’s stock after buying an additional 398 shares during the period. Apple accounts for approximately 11.0% of Augustine Asset Management Inc.’s holdings, making the stock its 2nd largest holding. Augustine Asset Management Inc.’s holdings in Apple were worth $28,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Eukles Asset Management lifted its position in Apple by 0.6% during the second quarter. Eukles Asset Management now owns 55,443 shares of the iPhone maker’s stock valued at $11,677,000 after buying an additional 317 shares in the last quarter. Elevated Capital Advisors LLC grew its stake in shares of Apple by 6.5% during the second quarter. Elevated Capital Advisors LLC now owns 35,355 shares of the iPhone maker’s stock valued at $7,446,000 after acquiring an additional 2,163 shares in the last quarter. OAKMONT Corp grew its stake in Apple by 7.0% during the 2nd quarter. OAKMONT Corp now owns 292,164 shares of the iPhone maker’s stock valued at $61,536,000 after purchasing an additional 18,998 shares in the last quarter. LCM Capital Management Inc increased its stake in shares of Apple by 1.3% in the second quarter. LCM Capital Management Inc now owns 48,409 shares of the iPhone maker’s stock worth $10,196,000 after buying an additional 637 shares during the last quarter. Finally, Hilltop Partners LLC increased its position in shares of Apple by 0.3% in the 2nd quarter. Hilltop Partners LLC now owns 30,877 shares of the iPhone maker’s stock worth $6,503,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’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 sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were 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 of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % 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 hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $233.85 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company’s fifty day moving average is $224.59 and its 200 day moving average is $207.04. The stock has a market cap of $3.59 trillion, a PE ratio of 36.37, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

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 analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Research analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 price target (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Cfra boosted their price target on shares of Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, KeyCorp restated a “hold” rating and issued a $247.61 price objective on shares of Apple in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.27.

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.