Tactive Advisors LLC Buys 15,798 Shares of Apple Inc. (NASDAQ:AAPL)

Tactive Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 138.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,213 shares of the iPhone maker’s stock after buying an additional 15,798 shares during the quarter. Apple comprises approximately 2.5% of Tactive Advisors LLC’s holdings, making the stock its 10th largest position. Tactive Advisors LLC’s holdings in Apple were worth $4,667,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Apple during the 4th quarter valued at approximately $33,912,466,000. International Assets Investment Management LLC grew its stake in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after acquiring an additional 70,212,651 shares during the last quarter. Vanguard Group Inc. increased its position in Apple by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares during the period. Swedbank AB acquired a new position in Apple during the 1st quarter valued at $3,026,492,000. Finally, Global Assets Advisory LLC boosted its holdings in Apple by 23,076.4% in the 1st quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after purchasing an additional 9,200,345 shares during the period. 60.41% of the stock is owned by institutional investors.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred 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 owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 188,884 shares of company stock worth $38,092,387. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 1.0 %

Shares of NASDAQ AAPL opened at $226.84 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The firm’s 50-day moving average is $220.32 and its 200-day moving average is $194.40. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $3.48 trillion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 145.35%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Equities analysts expect that Apple Inc. will post 6.61 EPS for the current year.

Apple announced that its board has approved a share buyback program on Thursday, May 2nd that allows the company to buyback $110.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AAPL. Oppenheimer upped their price target on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price target on shares of Apple from $245.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Citigroup raised their price objective on shares of Apple from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Monday, August 5th. Finally, Barclays cut their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.63.

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.