Little House Capital LLC Raises Stake in Apple Inc. (NASDAQ:AAPL)

Little House Capital LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.4% in the 2nd quarter, Holdings Channel reports. The fund owned 92,015 shares of the iPhone maker’s stock after buying an additional 9,380 shares during the quarter. Apple accounts for approximately 6.1% of Little House Capital LLC’s holdings, making the stock its 2nd largest position. Little House Capital LLC’s holdings in Apple were worth $19,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC grew its stake in Apple by 190.2% in the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 25,893 shares of the iPhone maker’s stock valued at $5,454,000 after buying an additional 16,971 shares in the last quarter. Autumn Glory Partners LLC raised its stake in shares of Apple by 2.2% during the 2nd quarter. Autumn Glory Partners LLC now owns 13,833 shares of the iPhone maker’s stock valued at $2,914,000 after purchasing an additional 295 shares during the period. Whalen Wealth Management Inc. lifted its holdings in Apple by 91.1% during the 2nd quarter. Whalen Wealth Management Inc. now owns 22,152 shares of the iPhone maker’s stock worth $4,666,000 after purchasing an additional 10,561 shares in the last quarter. Johnson Financial Group LLC boosted its stake in Apple by 2.2% in the 2nd quarter. Johnson Financial Group LLC now owns 3,234 shares of the iPhone maker’s stock worth $681,000 after purchasing an additional 71 shares during the period. Finally, Allegheny Financial Group LTD grew its holdings in Apple by 10.8% during the 2nd quarter. Allegheny Financial Group LTD now owns 80,060 shares of the iPhone maker’s stock valued at $16,862,000 after buying an additional 7,799 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $232.15 on Friday. The stock has a 50 day moving average price of $225.41 and a two-hundred day moving average price of $207.39. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. 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 $3.56 trillion, a P/E ratio of 36.10, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAPL shares. Wedbush reissued an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. KeyCorp reiterated a “hold” rating and issued a $247.61 target price on shares of Apple in a research note on Wednesday, August 28th. Moffett Nathanson started coverage on shares of Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Finally, TD Cowen lifted their price objective on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $239.27.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction 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 owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the firm’s 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 completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is currently owned by insiders.

About Apple

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.