Chesapeake Capital Corp IL Purchases New Shares in Apple Inc. (NASDAQ:AAPL)

Chesapeake Capital Corp IL acquired a new position in Apple Inc. (NASDAQ:AAPL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,276 shares of the iPhone maker’s stock, valued at approximately $690,000. Apple makes up approximately 0.9% of Chesapeake Capital Corp IL’s holdings, making the stock its 25th largest position.

A number of other large investors have also recently made changes to their positions in AAPL. Provident Investment Management Inc. boosted its stake in shares of Apple by 26.0% during the 2nd quarter. Provident Investment Management Inc. now owns 9,099 shares of the iPhone maker’s stock worth $1,916,000 after purchasing an additional 1,877 shares during the period. Sachetta LLC lifted its stake in Apple by 0.8% in the second quarter. Sachetta LLC now owns 33,016 shares of the iPhone maker’s stock worth $7,224,000 after purchasing an additional 260 shares during the last quarter. Bright Futures Wealth Management LLC. boosted its position in shares of Apple by 0.8% during the second quarter. Bright Futures Wealth Management LLC. now owns 39,672 shares of the iPhone maker’s stock valued at $8,722,000 after buying an additional 304 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Apple by 9.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 190,739 shares of the iPhone maker’s stock valued at $40,173,000 after buying an additional 15,851 shares during the period. Finally, Global X Japan Co. Ltd. grew its stake in shares of Apple by 57.5% during the second quarter. Global X Japan Co. Ltd. now owns 131,821 shares of the iPhone maker’s stock valued at $27,764,000 after buying an additional 48,099 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 0.4 %

Apple stock opened at $231.41 on Monday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The business has a fifty day moving average price of $226.86 and a 200-day moving average price of $210.64. 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 stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated 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 directly owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. 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 valued at $114,786,399 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Oppenheimer restated a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and raised their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.91.

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.