Apple Inc. (NASDAQ:AAPL) is Cozad Asset Management Inc.’s Largest Position

Cozad Asset Management Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 173,409 shares of the iPhone maker’s stock after acquiring an additional 5,328 shares during the period. Apple makes up about 3.6% of Cozad Asset Management Inc.’s holdings, making the stock its largest holding. Cozad Asset Management Inc.’s holdings in Apple were worth $36,523,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Absher Wealth Management LLC lifted its stake in Apple by 1.3% during the second quarter. Absher Wealth Management LLC now owns 113,796 shares of the iPhone maker’s stock worth $23,968,000 after purchasing an additional 1,499 shares in the last quarter. Archer Investment Corp raised its stake in shares of Apple by 0.3% in the second quarter. Archer Investment Corp now owns 31,913 shares of the iPhone maker’s stock valued at $6,721,000 after acquiring an additional 82 shares in the last quarter. Founders Financial Securities LLC raised its stake in shares of Apple by 19.6% in the second quarter. Founders Financial Securities LLC now owns 90,731 shares of the iPhone maker’s stock valued at $19,110,000 after acquiring an additional 14,870 shares in the last quarter. Regal Partners Ltd acquired a new stake in shares of Apple in the second quarter valued at $864,000. Finally, Oxinas Partners Wealth Management LLC raised its stake in Apple by 0.7% in the second quarter. Oxinas Partners Wealth Management LLC now owns 36,186 shares of the iPhone maker’s stock valued at $7,621,000 after buying an additional 247 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Sanford C. Bernstein boosted their price target on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $235.00 on Friday. The firm’s 50 day moving average is $225.78 and its two-hundred day moving average is $207.84. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm has a market capitalization of $3.60 trillion, a P/E ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24. 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 (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 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 business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

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