Apple Inc. (NASDAQ:AAPL) Shares Purchased by Keb Asset Management LLC

Keb Asset Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,755 shares of the iPhone maker’s stock after acquiring an additional 159 shares during the quarter. Apple comprises about 1.0% of Keb Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Keb Asset Management LLC’s holdings in Apple were worth $2,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Yeomans Consulting Group Inc. acquired a new position in shares of Apple in the 4th quarter valued at $1,713,000. Raleigh Capital Management Inc. grew its holdings in shares of Apple by 11.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after acquiring an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in Apple in the 4th quarter worth about $38,406,000. Barden Capital Management Inc. lifted its stake in Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC bought a new stake in Apple in the fourth quarter worth $4,782,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction 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 owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Citigroup reissued a “buy” rating and set a $255.00 target price on shares of Apple in a research report on Tuesday, August 27th. KeyCorp reissued a “hold” rating and issued a $247.61 price target on shares of Apple in a report on Wednesday, August 28th. New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Finally, DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $238.76.

Apple Trading Up 2.3 %

Shares of AAPL opened at $233.00 on Tuesday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The firm’s 50 day simple moving average is $222.37 and its 200 day simple moving average is $202.80. The company has a market capitalization of $3.57 trillion, a P/E ratio of 36.24, a P/E/G ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

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. 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 analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued 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 yield of 0.43%. Apple’s dividend payout ratio is currently 15.55%.

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.