Provident Co of the Employees of the Hebrew University LTD Makes New $1.76 Million Investment in Apple Inc. (NASDAQ:AAPL)

Provident Co of the Employees of the Hebrew University LTD bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,363 shares of the iPhone maker’s stock, valued at approximately $1,761,000. Apple accounts for about 2.1% of Provident Co of the Employees of the Hebrew University LTD’s investment portfolio, making the stock its 19th biggest position.

Several other large investors have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc bought a new position in Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC grew its position in Apple by 17.9% in 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 during the last quarter. A.P. Gilfoyle & Co. L.P. bought a new position in Apple in the 4th quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. grew its position in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Apple in the 4th quarter valued at $85,000. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AAPL. Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Maxim Group reiterated a “hold” rating and issued a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Tuesday, September 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

Insider Activity

In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 5,178 shares of the firm’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 sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’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 sale, 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 three months, insiders have sold 113,884 shares of company stock valued at $23,723,887. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

Apple stock opened at $227.79 on Friday. The stock has a 50-day moving average of $222.19 and a two-hundred day moving average of $202.16. 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 Inc. has a one year low of $164.07 and a one year high of $237.23. The stock has a market cap of $3.49 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.66 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 for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. On average, research analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.