Apple Inc. (NASDAQ:AAPL) Stock Position Raised by Quilter Plc

Quilter Plc raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,081,789 shares of the iPhone maker’s stock after acquiring an additional 58,376 shares during the quarter. Apple makes up 5.1% of Quilter Plc’s investment portfolio, making the stock its 3rd largest position. Quilter Plc’s holdings in Apple were worth $227,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in Apple in the 1st quarter valued at about $140,000. Hoese & Co LLP raised 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 valued at $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new position in shares of Apple during the second quarter valued at approximately $206,000. Benchmark Wealth Management LLC acquired a new stake in Apple during the second quarter worth approximately $208,000. Finally, Sequent Asset Management LLC purchased a new stake in Apple in the 2nd quarter worth approximately $214,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 517,924 shares of company stock valued at $114,786,399. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAPL. Maxim Group raised their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Citigroup upped their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Moffett Nathanson started coverage on shares of Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.23.

Apple Price Performance

Shares of NASDAQ AAPL opened at $222.91 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The business has a 50 day moving average price of $227.18 and a two-hundred day moving average price of $212.33. The firm has a market cap of $3.39 trillion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.15. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 earnings per share. Sell-side analysts expect that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.22%.

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.