2,012 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) during the second quarter, HoldingsChannel.com reports. The firm bought 2,012 shares of the iPhone maker’s stock, valued at approximately $424,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. bought a new stake in shares of Apple in the 4th quarter valued at $778,000. Alpha Financial Advisors LLC grew its stake in Apple by 86.5% in the fourth quarter. Alpha Financial Advisors LLC now owns 2,490 shares of the iPhone maker’s stock valued at $479,000 after acquiring an additional 1,155 shares during the period. Concord Wealth Partners lifted its holdings in shares of Apple by 15.5% during the 4th quarter. Concord Wealth Partners now owns 61,641 shares of the iPhone maker’s stock valued at $11,868,000 after purchasing an additional 8,264 shares in the last quarter. Orion Capital Management LLC grew its position in shares of Apple by 15.3% in the 4th quarter. Orion Capital Management LLC now owns 66,029 shares of the iPhone maker’s stock valued at $12,712,000 after purchasing an additional 8,766 shares during the period. Finally, Howe & Rusling Inc. raised its holdings in Apple by 0.4% during the 4th quarter. Howe & Rusling Inc. now owns 145,346 shares of the iPhone maker’s stock worth $27,983,000 after buying an additional 544 shares during the period. 60.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Chris Kondo sold 8,706 shares of the company’s 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 completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the company’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 completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $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. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $226.21 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company’s fifty day moving average price is $222.39 and its two-hundred day moving average price is $203.18. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a market cap of $3.47 trillion, a price-to-earnings ratio of 35.18, a PEG 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 for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 15.55%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Citigroup reiterated a “buy” rating and set a $255.00 target price on shares of Apple in a report on Tuesday, August 27th. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday. Maxim Group reiterated a “hold” rating and set a $203.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.