Mine & Arao Wealth Creation & Management LLC. Acquires 1,169 Shares of Apple Inc. (NASDAQ:AAPL)

Mine & Arao Wealth Creation & Management LLC. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,668 shares of the iPhone maker’s stock after acquiring an additional 1,169 shares during the period. Apple makes up about 9.4% of Mine & Arao Wealth Creation & Management LLC.’s portfolio, making the stock its 4th biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Apple were worth $19,307,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AAPL. Bellwether Advisors LLC increased its holdings in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC purchased a new stake in Apple during the second quarter worth $876,000. WT Asset Management Ltd acquired a new stake in Apple during the second quarter valued at $80,057,000. Councilmark Asset Management LLC purchased a new position in Apple in the first quarter valued at $11,776,000. Finally, TD Asset Management Inc raised its position in shares of Apple by 10.3% in the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after acquiring an additional 1,557,848 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Apple news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 over the last 90 days. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. TD Cowen raised their price objective on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $237.27.

Apple Stock Down 2.2 %

Shares of NASDAQ AAPL opened at $230.76 on Thursday. The company has a market capitalization of $3.54 trillion, a P/E ratio of 35.89, a P/E/G ratio of 2.40 and a beta of 1.24. 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 has a 50 day simple moving average of $226.64 and a 200-day simple moving average of $209.48. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last posted its 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. 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 analysts’ expectations of $84.43 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

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

Apple 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.