Yeomans Consulting Group Inc. Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Yeomans Consulting Group Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,409 shares of the iPhone maker’s stock after purchasing an additional 218 shares during the quarter. Apple comprises approximately 0.8% of Yeomans Consulting Group Inc.’s portfolio, making the stock its 27th biggest position. Yeomans Consulting Group Inc.’s holdings in Apple were worth $1,982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AAPL. Vanguard Group Inc. lifted its stake in shares of Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares during the period. Norges Bank purchased a new position in Apple during the fourth quarter worth about $33,912,466,000. Wellington Management Group LLP lifted its position in Apple by 3.6% in the fourth quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock valued at $11,677,190,000 after purchasing an additional 2,096,360 shares during the period. Fisher Asset Management LLC boosted its holdings in Apple by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock valued at $10,531,834,000 after purchasing an additional 1,067,587 shares in the last quarter. Finally, Capital International Investors increased its position in Apple by 7.1% during the 1st quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after purchasing an additional 2,474,887 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 0.1 %

AAPL opened at $227.79 on Monday. The stock has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The business has a 50-day moving average of $222.19 and a two-hundred day moving average of $202.38.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, research analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was 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 in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale 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 firm’s 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 transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Melius Research restated a “buy” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $230.00 in a report on Tuesday, June 11th. Robert W. Baird boosted their price objective on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Citigroup reaffirmed a “buy” rating and issued a $255.00 target price on shares of Apple in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

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.