Apple Inc. (NASDAQ:AAPL) Shares Purchased by LRI Investments LLC

LRI Investments LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 69.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,635 shares of the iPhone maker’s stock after purchasing an additional 24,068 shares during the period. Apple accounts for approximately 1.4% of LRI Investments LLC’s portfolio, making the stock its 11th largest position. LRI Investments LLC’s holdings in Apple were worth $12,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the first quarter worth $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple in the fourth quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. boosted its stake 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 acquiring an additional 368 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in Apple in the fourth quarter valued at $85,000. Finally, Clear Street Markets LLC boosted its stake 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 acquiring an additional 83,965 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. Oppenheimer restated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Barclays decreased their price objective on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their price objective for the company from $170.00 to $300.00 in a research note on Monday, July 15th. Maxim Group reiterated a “hold” rating and set a $203.00 target price on shares of Apple in a research note on Tuesday, September 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $261.00 target price on shares of Apple in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.76.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated 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 directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Katherine L. Adams sold 100,000 shares of the 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 sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,884 shares of company stock valued at $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $227.79 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.49 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a 50-day moving average of $222.19 and a two-hundred day moving average of $202.16.

Apple (NASDAQ:AAPL) last issued 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 during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.