Presidio Capital Management LLC Has $2.18 Million Stake in Apple Inc. (NASDAQ:AAPL)

Presidio Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,338 shares of the iPhone maker’s stock after acquiring an additional 397 shares during the period. Apple makes up approximately 1.5% of Presidio Capital Management LLC’s holdings, making the stock its 10th largest holding. Presidio Capital Management LLC’s holdings in Apple were worth $2,177,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays reissued an “underweight” rating and set a $186.00 price objective on shares of Apple in a report on Tuesday. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Maxim Group reiterated a “hold” rating and issued a $203.00 target price on shares of Apple in a research note on Tuesday, September 10th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $245.00 price target on shares of Apple in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $238.76.

Apple Trading Up 0.5 %

NASDAQ:AAPL opened at $226.80 on Friday. 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 50-day simple moving average is $222.90 and its 200-day simple moving average is $203.86. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The stock has a market capitalization of $3.48 trillion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating 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 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 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.55%.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 5,178 shares of the company’s 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 sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 458,619 shares of company stock valued at $101,352,630 over the last three months. Company insiders own 0.06% of the company’s stock.

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.