Apple Inc. (NASDAQ:AAPL) Shares Bought by Team Financial Group LLC

Team Financial Group LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,492 shares of the iPhone maker’s stock after acquiring an additional 102 shares during the period. Apple comprises approximately 0.5% of Team Financial Group LLC’s holdings, making the stock its 19th largest holding. Team Financial Group LLC’s holdings in Apple were worth $736,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC increased 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 worth $35,000 after buying an additional 31,278 shares during the period. Access Investment Management LLC bought a new position in shares of Apple during the first quarter worth about $140,000. Hoese & Co LLP increased its holdings in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in Apple during the 2nd quarter valued at about $208,000. 60.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Luca Maestri sold 59,305 shares of Apple 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 owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. 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 412,746 shares of company stock worth $93,021,362 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $226.96 on Friday. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 2.18 and a beta of 1.24. 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 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $226.82 and its 200-day simple moving average is $214.03.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. On average, sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. 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. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Melius Research restated a “buy” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Finally, Tigress Financial increased their target price on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

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.