Apple Inc. (NASDAQ:AAPL) is Norden Group LLC’s 4th Largest Position

Norden Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 12.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,460 shares of the iPhone maker’s stock after purchasing an additional 7,439 shares during the quarter. Apple accounts for 2.9% of Norden Group LLC’s portfolio, making the stock its 4th largest position. Norden Group LLC’s holdings in Apple were worth $14,209,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AAPL. Fidelis Capital Partners LLC raised its stake in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Access Investment Management LLC bought a new stake in Apple in the first quarter worth $140,000. Hoese & Co LLP lifted its position in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. bought a new stake in shares of Apple during the 2nd quarter worth about $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in shares of Apple during the 2nd quarter valued at about $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL opened at $230.76 on Thursday. The company has a market cap 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’s fifty day simple moving average is $226.64 and its 200 day simple moving average is $209.48. 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:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share 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 business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Activity at Apple

In other Apple news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction on Friday, October 4th. The stock was 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 directly owns 107,788 shares in the company, valued at $24,416,137.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. StockNews.com raised Apple from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and raised their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. UBS Group restated a “hold” rating and set a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $237.27.

Check Out Our Latest Stock Report on Apple

Apple Profile

(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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