Apple Inc. (NASDAQ:AAPL) Shares Acquired by Bellwether Advisors LLC

Bellwether Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 387.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,349 shares of the iPhone maker’s stock after purchasing an additional 19,352 shares during the quarter. Apple makes up approximately 1.1% of Bellwether Advisors LLC’s portfolio, making the stock its 23rd biggest position. Bellwether Advisors LLC’s holdings in Apple were worth $5,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in shares of Apple in the 4th quarter valued at about $2,044,000. ARK & TLK Investments LLC purchased a new stake in Apple in the fourth quarter valued at approximately $1,580,000. Transcendent Capital Group LLC purchased a new stake in Apple in the fourth quarter valued at approximately $9,904,000. Creekmur Asset Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $4,681,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Apple during the fourth quarter worth approximately $39,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAPL. Moffett Nathanson initiated coverage on shares of Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Robert W. Baird raised their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Citigroup reaffirmed a “buy” rating and set a $255.00 price objective on shares of Apple in a research note on Wednesday, October 2nd. KeyCorp reiterated a “hold” rating and issued a $247.61 target price on shares of Apple in a research note on Wednesday, August 28th. Finally, Bank of America restated a “buy” rating and set a $256.00 price target on shares of Apple in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Insider Buying and Selling at Apple

In related 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 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 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 the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred 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 directly owns 191,543 shares in the company, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.6 %

Shares of Apple stock opened at $231.30 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The business’s fifty day moving average is $224.06 and its two-hundred day moving average is $206.60. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.55 trillion, a PE ratio of 35.97, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s payout ratio is 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.