Autumn Glory Partners LLC Buys 295 Shares of Apple Inc. (NASDAQ:AAPL)

Autumn Glory Partners LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,833 shares of the iPhone maker’s stock after acquiring an additional 295 shares during the period. Apple accounts for about 1.5% of Autumn Glory Partners LLC’s portfolio, making the stock its 14th biggest position. Autumn Glory Partners LLC’s holdings in Apple were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McAlister Sweet & Associates Inc. lifted its stake in Apple by 12.9% during the first quarter. McAlister Sweet & Associates Inc. now owns 29,946 shares of the iPhone maker’s stock worth $5,135,000 after purchasing an additional 3,419 shares during the last quarter. Avondale Wealth Management lifted its position in shares of Apple by 23.4% during the 1st quarter. Avondale Wealth Management now owns 13,328 shares of the iPhone maker’s stock worth $2,285,000 after buying an additional 2,526 shares during the last quarter. Timber Creek Capital Management LLC boosted its stake in Apple by 3.8% in the first quarter. Timber Creek Capital Management LLC now owns 57,274 shares of the iPhone maker’s stock valued at $9,821,000 after buying an additional 2,115 shares in the last quarter. Campbell Capital Management Inc. grew its position in Apple by 0.8% in the first quarter. Campbell Capital Management Inc. now owns 175,870 shares of the iPhone maker’s stock valued at $30,158,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in Apple during the first quarter worth about $1,965,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’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 $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $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. Insiders sold 517,924 shares of company stock valued at $114,786,399 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $232.15 on Friday. The firm has a market cap of $3.56 trillion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The business’s 50 day moving average price is $225.41 and its two-hundred day moving average price is $207.39.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the company earned $1.26 EPS. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company 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 0.43%. Apple’s dividend payout ratio is presently 15.55%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAPL. Moffett Nathanson began coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $300.00 in a research report on Monday, July 15th. Maxim Group reiterated a “hold” rating and set a $203.00 price target on shares of Apple in a report on Tuesday, September 10th. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Raymond James boosted their price objective on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $239.27.

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.