Apple Inc. (NASDAQ:AAPL) Stake Lifted by Lantz Financial LLC

Lantz Financial LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 29,751 shares of the iPhone maker’s stock after purchasing an additional 2,361 shares during the period. Apple accounts for approximately 1.9% of Lantz Financial LLC’s investment portfolio, making the stock its 8th biggest holding. Lantz Financial LLC’s holdings in Apple were worth $6,266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CGN Advisors LLC raised its position in shares of Apple by 10.5% in the second quarter. CGN Advisors LLC now owns 45,264 shares of the iPhone maker’s stock valued at $9,533,000 after buying an additional 4,312 shares during the last quarter. Greenfield Savings Bank raised its position in shares of Apple by 0.5% in the second quarter. Greenfield Savings Bank now owns 68,568 shares of the iPhone maker’s stock valued at $14,442,000 after buying an additional 338 shares during the last quarter. Burkett Financial Services LLC raised its position in shares of Apple by 0.9% in the second quarter. Burkett Financial Services LLC now owns 14,024 shares of the iPhone maker’s stock valued at $2,954,000 after buying an additional 126 shares during the last quarter. NBC Securities Inc. raised its position in shares of Apple by 0.7% in the second quarter. NBC Securities Inc. now owns 189,197 shares of the iPhone maker’s stock valued at $39,848,000 after buying an additional 1,285 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Apple by 15.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 38,082 shares of the iPhone maker’s stock valued at $8,021,000 after buying an additional 5,077 shares during the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. Evercore ISI restated a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday. Tigress Financial boosted their target price on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Robert W. Baird boosted their target price on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Oppenheimer reiterated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $238.76.

Apple Stock Up 0.1 %

Shares of NASDAQ AAPL opened at $227.79 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The business’s fifty day moving average price is $222.19 and its 200-day moving average price is $202.16. The stock has a market capitalization of $3.49 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released 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. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.55%.

Insider Activity at Apple

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

Apple 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.