Soundwatch Capital LLC Buys 3,651 Shares of Apple Inc. (NASDAQ:AAPL)

Soundwatch Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 169.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,810 shares of the iPhone maker’s stock after purchasing an additional 3,651 shares during the quarter. Apple accounts for 6.7% of Soundwatch Capital LLC’s holdings, making the stock its 3rd biggest holding. Soundwatch Capital LLC’s holdings in Apple were worth $1,224,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bellwether Advisors LLC grew its holdings in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC acquired a new stake in shares of Apple during the 2nd quarter worth $876,000. WT Asset Management Ltd acquired a new stake in shares of Apple during the 2nd quarter worth $80,057,000. TD Asset Management Inc grew its holdings in shares of Apple by 10.3% during the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after purchasing an additional 1,557,848 shares in the last quarter. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Apple during the 1st quarter worth $11,776,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AAPL shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. New Street Research restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Robert W. Baird upped their price objective on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Evercore ISI restated a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $235.51.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on 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 sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade 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 417,924 shares of company stock valued at $94,142,399. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.3 %

NASDAQ AAPL opened at $222.72 on Thursday. The business has a 50 day simple moving average of $226.91 and a 200 day simple moving average of $213.51. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The stock has a market capitalization of $3.39 trillion, a P/E ratio of 36.63, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.