Apple Inc. (NASDAQ:AAPL) Shares Bought by MTM Investment Management LLC

MTM Investment Management LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,535 shares of the iPhone maker’s stock after acquiring an additional 229 shares during the period. Apple makes up about 4.5% of MTM Investment Management LLC’s portfolio, making the stock its largest holding. MTM Investment Management LLC’s holdings in Apple were worth $11,065,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AAPL. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the 1st quarter worth $35,000. A.P. Gilfoyle & Co. L.P. bought a new position in Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the last quarter. Clarity Asset Management Inc. bought a new position in shares of Apple in the fourth quarter worth about $85,000. Finally, Clear Street Markets LLC boosted its stake in shares of Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the 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 owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock valued at $23,723,887 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $226.21 on Wednesday. The company has a market capitalization of $3.47 trillion, a PE ratio of 35.18, a price-to-earnings-growth 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 Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a 50-day simple moving average of $222.39 and a 200 day simple moving average of $203.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm 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 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. New Street Research reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Loop Capital raised Apple from a “hold” rating to a “buy” rating and upped their target price for the stock from $170.00 to $300.00 in a report on Monday, July 15th. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. One equities research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.