Apple Inc. (NASDAQ:AAPL) Stock Holdings Lifted by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% during the second quarter, HoldingsChannel.com reports. The fund owned 58,167 shares of the iPhone maker’s stock after purchasing an additional 893 shares during the quarter. Apple comprises approximately 3.7% of Timber Creek Capital Management LLC’s holdings, making the stock its 4th biggest position. Timber Creek Capital Management LLC’s holdings in Apple were worth $12,251,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brookstone Capital Management increased its holdings in shares of Apple by 4.8% in the 2nd quarter. Brookstone Capital Management now owns 568,444 shares of the iPhone maker’s stock worth $130,106,000 after buying an additional 26,106 shares during the last quarter. Rovin Capital UT ADV grew its holdings in Apple by 3.0% during the 2nd quarter. Rovin Capital UT ADV now owns 23,878 shares of the iPhone maker’s stock valued at $5,029,000 after purchasing an additional 690 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in Apple by 5.9% during the 2nd quarter. Stanley Laman Group Ltd. now owns 42,964 shares of the iPhone maker’s stock valued at $9,049,000 after purchasing an additional 2,407 shares during the last quarter. Blue Trust Inc. grew its holdings in Apple by 15.2% during the 2nd quarter. Blue Trust Inc. now owns 148,000 shares of the iPhone maker’s stock valued at $31,172,000 after purchasing an additional 19,582 shares during the last quarter. Finally, Outlook Wealth Advisors LLC boosted its position in Apple by 5.1% in the 2nd quarter. Outlook Wealth Advisors LLC now owns 24,347 shares of the iPhone maker’s stock valued at $5,128,000 after buying an additional 1,178 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Down 0.1 %

Shares of NASDAQ AAPL opened at $222.50 on Monday. The firm’s 50 day moving average price is $223.14 and its 200 day moving average price is $198.75. 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 firm has a market cap of $3.41 trillion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the company posted $1.26 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 in the company, valued at $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Wedbush reiterated an “outperform” rating and set a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Moffett Nathanson started coverage on shares of Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.17.

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.