Apple Inc. (NASDAQ:AAPL) Shares Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,292 shares of the iPhone maker’s stock after acquiring an additional 12,598 shares during the period. Apple accounts for 4.2% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 6th largest position. Moody Lynn & Lieberson LLC’s holdings in Apple were worth $64,301,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in Apple in the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC increased its holdings in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. lifted its position in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Apple during the fourth quarter worth $85,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AAPL shares. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Bank of America reissued a “buy” rating and issued a $256.00 price target on shares of Apple in a research note on Thursday, September 5th. KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. Finally, Cfra raised their target price on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $238.76.

Insider Activity at Apple

In other Apple 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 transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction 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 directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 over the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 0.1 %

Shares of NASDAQ:AAPL opened at $227.79 on Monday. The company has a market cap of $3.49 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.66 and a beta of 1.24. The company’s 50 day moving average is $222.19 and its two-hundred day moving average is $202.38. Apple Inc. has a 52 week low of $164.07 and a 52 week 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.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Equities analysts predict that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

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