OAKMONT Corp Purchases 18,998 Shares of Apple Inc. (NASDAQ:AAPL)

OAKMONT Corp raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,164 shares of the iPhone maker’s stock after purchasing an additional 18,998 shares during the period. Apple accounts for approximately 13.5% of OAKMONT Corp’s holdings, making the stock its 4th biggest position. OAKMONT Corp’s holdings in Apple were worth $61,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Access Investment Management LLC bought a new stake in shares of Apple during the first quarter valued at about $140,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares in the last quarter. Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the 2nd quarter worth approximately $208,000. Sequent Asset Management LLC acquired a new position in shares of Apple during the second quarter valued at approximately $214,000. Finally, Financial Life Advisors acquired a new stake in Apple in the fourth quarter worth approximately $212,000. Institutional investors own 60.41% of the company’s stock.

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 stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction 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 sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 1.1 %

Shares of AAPL opened at $233.85 on Wednesday. The company has a market capitalization of $3.59 trillion, a PE ratio of 36.37, a PEG ratio of 2.40 and a beta of 1.24. The stock’s 50-day moving average price is $224.59 and its two-hundred day moving average price is $207.04. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion during 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%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on AAPL. Citigroup reissued a “buy” rating and issued a $255.00 price objective on shares of Apple in a research note on Wednesday, October 2nd. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Raymond James lifted their price target on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America restated a “buy” rating and issued a $256.00 target price on shares of Apple in a report on Thursday, October 3rd. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.27.

About Apple

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.