Apple Inc. (NASDAQ:AAPL) Shares Purchased by DDD Partners LLC

DDD Partners LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,339 shares of the iPhone maker’s stock after acquiring an additional 461 shares during the quarter. Apple makes up approximately 4.5% of DDD Partners LLC’s holdings, making the stock its 4th largest holding. DDD Partners LLC’s holdings in Apple were worth $39,036,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its position in shares of Apple by 3.8% during the second quarter. Resonant Capital Advisors LLC now owns 77,488 shares of the iPhone maker’s stock worth $16,320,000 after acquiring an additional 2,814 shares during the last quarter. Knuff & Co LLC grew its holdings in Apple by 3.7% during the second quarter. Knuff & Co LLC now owns 167,660 shares of the iPhone maker’s stock valued at $35,313,000 after purchasing an additional 6,010 shares during the period. Consilium Wealth Advisory LLC grew its stake in Apple by 5.9% in the second quarter. Consilium Wealth Advisory LLC now owns 71,970 shares of the iPhone maker’s stock valued at $15,158,000 after acquiring an additional 4,009 shares during the period. United Asset Strategies Inc. grew its position in shares of Apple by 6.1% in the 2nd quarter. United Asset Strategies Inc. now owns 160,642 shares of the iPhone maker’s stock valued at $33,834,000 after purchasing an additional 9,272 shares during the period. Finally, PrairieView Partners LLC raised its holdings in shares of Apple by 3.8% during the second quarter. PrairieView Partners LLC now owns 25,871 shares of the iPhone maker’s stock worth $5,448,000 after acquiring an additional 939 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 1.1 %

NASDAQ AAPL opened at $233.85 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. 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 firm has a market capitalization of $3.59 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The business’s 50-day moving average price is $224.59 and its two-hundred day moving average price is $207.04.

Apple (NASDAQ:AAPL) last issued 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 firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. On average, analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $300.00 in a research note on Monday, July 15th. Morgan Stanley restated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. The Goldman Sachs Group boosted their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Piper Sandler reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Finally, KeyCorp reiterated a “hold” rating and issued a $247.61 price target on shares of Apple in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 517,924 shares of company stock valued at $114,786,399. Company insiders own 0.06% of the company’s stock.

Apple 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.