Viewpoint Capital Management LLC Purchases 57 Shares of Apple Inc. (NASDAQ:AAPL)

Viewpoint Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,788 shares of the iPhone maker’s stock after acquiring an additional 57 shares during the quarter. Apple accounts for approximately 1.9% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Viewpoint Capital Management LLC’s holdings in Apple were worth $3,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Yeomans Consulting Group Inc. acquired a new position in shares of Apple in the fourth quarter valued at about $1,713,000. Raleigh Capital Management Inc. grew its stake in Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after buying an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in Apple during the fourth quarter worth about $38,406,000. Sunpointe LLC bought a new position in shares of Apple in the fourth quarter worth about $4,782,000. Finally, Golden Road Advisors LLC bought a new position in shares of Apple in the fourth quarter worth about $1,575,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. KeyCorp reissued a “hold” rating and issued a $247.61 target price on shares of Apple in a report on Wednesday, August 28th. Sanford C. Bernstein raised their price objective on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Moffett Nathanson initiated coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Thursday, September 19th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price objective on shares of Apple in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Trading Down 0.7 %

Apple stock opened at $227.55 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The stock has a market capitalization of $3.49 trillion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The business’s fifty day moving average is $223.62 and its 200 day moving average is $205.70.

Apple (NASDAQ:AAPL) last posted its 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. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. Apple’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 6.65 EPS for the current 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 of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is 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.