Apple Inc. (NASDAQ:AAPL) Shares Purchased by Rational Advisors LLC

Rational Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 182.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,168 shares of the iPhone maker’s stock after buying an additional 14,965 shares during the period. Rational Advisors LLC’s holdings in Apple were worth $4,880,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc acquired a new position in Apple in the first quarter valued at approximately $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple during the 4th quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. grew its stake in Apple by 657.1% during the 4th 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 during the last quarter. Clarity Asset Management Inc. acquired a new stake in Apple in the fourth quarter worth $85,000. Finally, Clear Street Markets LLC lifted 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 buying an additional 83,965 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James boosted their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Moffett Nathanson began coverage on Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $261.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Robert W. Baird lifted their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

Apple Price Performance

Shares of AAPL stock opened at $226.21 on Wednesday. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 35.18, a PEG 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 quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $222.39 and a 200 day moving average price of $203.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.7 EPS for the current 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 dividend of $0.25 per share. 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 (DPR) is currently 15.55%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 8,706 shares of Apple 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 directly 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 ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by company insiders.

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.