Apple Inc. (NASDAQ:AAPL) is GFG Capital LLC’s 3rd Largest Position

GFG Capital LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 113,656 shares of the iPhone maker’s stock after acquiring an additional 325 shares during the quarter. Apple comprises approximately 6.2% of GFG Capital LLC’s portfolio, making the stock its 3rd largest position. GFG Capital LLC’s holdings in Apple were worth $23,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Christopher J. Hasenberg Inc purchased a new position in Apple in the first quarter valued at about $35,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. boosted its holdings in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in Apple in the fourth quarter valued at about $85,000. Finally, Clear Street Markets LLC boosted its holdings in Apple by 100.6% in the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $228.20 on Friday. The stock has a fifty day moving average price of $222.41 and a two-hundred day moving average price of $200.19. 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 firm has a market cap of $3.50 trillion, a P/E ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

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 company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Insider Activity

In other Apple 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 value of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on 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 owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,884 shares of company stock valued at $23,723,887. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 target price (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Evercore ISI reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a report on Monday, September 16th. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, September 10th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Finally, The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

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.