4,161 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Gentry Private Wealth LLC

Gentry Private Wealth LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,161 shares of the iPhone maker’s stock, valued at approximately $876,000. Apple comprises about 0.8% of Gentry Private Wealth LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC increased its holdings in shares of Apple by 5.3% during the second quarter. Commonwealth Retirement Investments LLC now owns 9,929 shares of the iPhone maker’s stock worth $2,091,000 after buying an additional 496 shares in the last quarter. Sivia Capital Partners LLC grew its position in Apple by 1.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 39,416 shares of the iPhone maker’s stock worth $8,302,000 after acquiring an additional 379 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Apple by 2.0% in the 2nd quarter. Lake Street Advisors Group LLC now owns 213,493 shares of the iPhone maker’s stock worth $44,966,000 after purchasing an additional 4,150 shares in the last quarter. Sustainable Insight Capital Management LLC raised its position in Apple by 22.5% in the second quarter. Sustainable Insight Capital Management LLC now owns 77,801 shares of the iPhone maker’s stock valued at $16,386,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Opes Wealth Management LLC boosted its stake in shares of Apple by 30.4% during the second quarter. Opes Wealth Management LLC now owns 630,263 shares of the iPhone maker’s stock valued at $132,746,000 after purchasing an additional 147,115 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent research reports. Cfra upped their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Thursday, September 19th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. New Street Research reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and lifted their target price for the stock from $205.00 to $212.92 in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $239.27.

Apple Stock Down 0.3 %

Apple stock opened at $235.86 on Wednesday. The firm has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The firm’s fifty day moving average price is $226.46 and its two-hundred day moving average price is $209.33. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The business 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 quarter last year, the firm earned $1.26 EPS. On average, equities research analysts predict 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is currently 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.