Apple Inc. (NASDAQ:AAPL) Stake Increased by Truvestments Capital LLC

Truvestments Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 34.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,421 shares of the iPhone maker’s stock after buying an additional 10,323 shares during the period. Apple makes up about 2.5% of Truvestments Capital LLC’s investment portfolio, making the stock its 4th largest holding. Truvestments Capital LLC’s holdings in Apple were worth $9,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after acquiring an additional 7,558,826 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after purchasing an additional 5,566,250 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in Apple in the second quarter worth approximately $834,368,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.7 %

AAPL opened at $236.00 on Monday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm has a 50-day simple moving average of $241.68 and a two-hundred day simple moving average of $230.84. The company has a market capitalization of $3.55 trillion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. Analysts forecast that Apple Inc. will post 7.34 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s payout ratio is 16.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Apple in a report on Thursday, January 23rd. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Maxim Group raised their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $242.52.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

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.