Apple Inc. (NASDAQ:AAPL) Shares Acquired by LVZ Inc.

LVZ Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 21.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,892 shares of the iPhone maker’s stock after purchasing an additional 4,234 shares during the quarter. Apple makes up approximately 0.7% of LVZ Inc.’s holdings, making the stock its 13th largest position. LVZ Inc.’s holdings in Apple were worth $5,032,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc bought a new stake in shares of Apple in the 1st quarter worth $35,000. Fidelis Capital Partners LLC grew its holdings in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple in the fourth quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Apple in the fourth quarter worth about $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Up 0.5 %

NASDAQ:AAPL opened at $227.52 on Friday. The stock has a 50-day simple moving average of $222.05 and a 200 day simple moving average of $201.39. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a market cap of $3.49 trillion, a PE ratio of 35.38, a PEG ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, sell-side analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is currently 15.55%.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Piper Sandler restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Tuesday, September 10th. Maxim Group restated a “hold” rating and set a $203.00 price target on shares of Apple in a research report on Tuesday, September 10th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Robert W. Baird increased their target price on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $238.76.

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.