Calamos Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 666,570 shares of the iPhone maker’s stock after buying an additional 22,386 shares during the period. Apple makes up 7.5% of Calamos Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Calamos Wealth Management LLC’s holdings in Apple were worth $140,393,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Yeomans Consulting Group Inc. bought a new position in shares of Apple during the fourth quarter valued at about $1,713,000. Raleigh Capital Management Inc. boosted its position in Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in Apple in the 4th quarter valued at $38,406,000. Barden Capital Management Inc. raised its position in Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after acquiring an additional 18,615 shares during the period. Finally, Sunpointe LLC bought a new stake in shares of Apple in the 4th quarter worth approximately $4,782,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, 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. In the last quarter, insiders have sold 113,884 shares of company stock worth $23,723,887. Company insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on Apple
Apple Stock Performance
Shares of AAPL stock opened at $233.00 on Tuesday. The stock has a 50 day moving average price of $222.37 and a two-hundred day moving average price of $202.80. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. 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 company has a market capitalization of $3.57 trillion, a P/E ratio of 36.24, a PEG ratio of 2.66 and a beta of 1.24.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. 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.
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