Apple Inc. (NASDAQ:AAPL) Shares Acquired by Synergy Asset Management LLC

Synergy Asset Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,904 shares of the iPhone maker’s stock after purchasing an additional 4,365 shares during the period. Apple comprises approximately 3.9% of Synergy Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Synergy Asset Management LLC’s holdings in Apple were worth $25,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AAPL. Lantz Financial LLC lifted its stake in shares of Apple by 6.3% in the 1st quarter. Lantz Financial LLC now owns 27,390 shares of the iPhone maker’s stock valued at $4,697,000 after acquiring an additional 1,615 shares during the last quarter. Compass Financial Group INC SD boosted its stake in shares of Apple by 3.8% during the first quarter. Compass Financial Group INC SD now owns 14,893 shares of the iPhone maker’s stock valued at $2,554,000 after purchasing an additional 543 shares in the last quarter. Legacy Financial Strategies LLC grew its holdings in shares of Apple by 2.3% during the first quarter. Legacy Financial Strategies LLC now owns 28,751 shares of the iPhone maker’s stock worth $4,930,000 after purchasing an additional 649 shares during the last quarter. American National Bank grew its holdings in shares of Apple by 14.1% during the first quarter. American National Bank now owns 192,245 shares of the iPhone maker’s stock worth $32,966,000 after purchasing an additional 23,827 shares during the last quarter. Finally, BCS Wealth Management increased its stake in shares of Apple by 21.8% in the first quarter. BCS Wealth Management now owns 35,178 shares of the iPhone maker’s stock valued at $6,032,000 after buying an additional 6,285 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In other Apple news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AAPL. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Robert W. Baird increased their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. Wedbush restated an “outperform” rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. Finally, Evercore ISI reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.27.

Apple Trading Up 0.6 %

NASDAQ:AAPL opened at $236.48 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm has a 50-day moving average price of $226.16 and a two-hundred day moving average price of $208.86. The firm has a market cap of $3.63 trillion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating 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 the consensus estimate of $84.43 billion. During the same period last year, the business posted $1.26 earnings per share. Apple’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) 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.