Oxbow Advisors LLC Purchases 356 Shares of Apple Inc. (NASDAQ:AAPL)

Oxbow Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,929 shares of the iPhone maker’s stock after acquiring an additional 356 shares during the quarter. Apple comprises 2.9% of Oxbow Advisors LLC’s portfolio, making the stock its 7th biggest position. Oxbow Advisors LLC’s holdings in Apple were worth $25,049,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAPL. Motiv8 Investments LLC raised its stake in shares of Apple by 18.8% in the 2nd quarter. Motiv8 Investments LLC now owns 7,579 shares of the iPhone maker’s stock valued at $1,597,000 after acquiring an additional 1,198 shares during the period. Mine & Arao Wealth Creation & Management LLC. boosted its position in Apple by 1.3% during the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 91,668 shares of the iPhone maker’s stock worth $19,307,000 after purchasing an additional 1,169 shares during the period. Chicago Capital LLC increased its holdings in Apple by 4.9% in the 2nd quarter. Chicago Capital LLC now owns 545,774 shares of the iPhone maker’s stock valued at $114,951,000 after purchasing an additional 25,585 shares in the last quarter. EFG Asset Management Americas Corp. raised its position in Apple by 44.6% in the second quarter. EFG Asset Management Americas Corp. now owns 76,494 shares of the iPhone maker’s stock valued at $16,111,000 after purchasing an additional 23,588 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Apple by 2.8% during the second quarter. Illinois Municipal Retirement Fund now owns 1,038,870 shares of the iPhone maker’s stock worth $218,807,000 after purchasing an additional 28,529 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the 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 completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $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. Insiders have sold a total of 517,924 shares of company stock worth $114,786,399 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 2.2 %

Shares of Apple stock opened at $230.76 on Thursday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $226.64 and its 200-day simple moving average is $209.48.

Apple (NASDAQ:AAPLGet Free Report) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. KeyCorp reiterated a “hold” rating and set a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 target price (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. UBS Group reaffirmed a “hold” rating and set a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Finally, Robert W. Baird upped their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $237.27.

Read Our Latest Report on AAPL

About Apple

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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