Apple Inc. (NASDAQ:AAPL) Shares Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 168,958 shares of the iPhone maker’s stock after purchasing an additional 728 shares during the period. Apple comprises 5.1% of Perennial Investment Advisors LLC’s holdings, making the stock its 3rd largest position. Perennial Investment Advisors LLC’s holdings in Apple were worth $35,586,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AAPL. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in Apple in the first quarter valued at approximately $140,000. Hoese & Co LLP boosted its position in 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 in the last quarter. Sage Financial Group Inc. acquired a new stake in Apple in the second quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple in the second quarter valued at approximately $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAPL. The Goldman Sachs Group raised their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Maxim Group raised their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday. UBS Group reaffirmed 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 reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Insider Activity

In other news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the company’s 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,924 shares of company stock valued at $94,142,399. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $222.01 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company’s fifty day moving average price is $227.07 and its 200 day moving average price is $213.03. The company has a market capitalization of $3.38 trillion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 145.09%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. On average, research analysts predict that Apple Inc. will post 7.48 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is 16.45%.

Apple Company 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.