Nicholas Hoffman & Company LLC. Acquires 5,878 Shares of Apple Inc. (NASDAQ:AAPL)

Nicholas Hoffman & Company LLC. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 5.2% in the second quarter, Holdings Channel reports. The firm owned 119,573 shares of the iPhone maker’s stock after purchasing an additional 5,878 shares during the period. Apple accounts for 1.2% of Nicholas Hoffman & Company LLC.’s investment portfolio, making the stock its 14th largest holding. Nicholas Hoffman & Company LLC.’s holdings in Apple were worth $25,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Unison Asset Management LLC lifted its position in shares of Apple by 0.7% during the 2nd quarter. Unison Asset Management LLC now owns 29,002 shares of the iPhone maker’s stock valued at $6,108,000 after buying an additional 189 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in Apple by 17.6% in the 2nd quarter. Impact Partnership Wealth LLC now owns 41,584 shares of the iPhone maker’s stock worth $8,758,000 after purchasing an additional 6,218 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in Apple by 2.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 22,609 shares of the iPhone maker’s stock worth $4,762,000 after purchasing an additional 611 shares during the period. Lowery Thomas LLC boosted its position in shares of Apple by 0.7% during the 2nd quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock valued at $1,602,000 after acquiring an additional 50 shares during the last quarter. Finally, Range Financial Group LLC boosted its position in shares of Apple by 3.9% during the 2nd quarter. Range Financial Group LLC now owns 6,542 shares of the iPhone maker’s stock valued at $1,378,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AAPL shares. Moffett Nathanson started coverage on Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Maxim Group restated a “hold” rating and issued a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. Bank of America restated a “buy” rating and issued a $256.00 target price on shares of Apple in a research report on Thursday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, TD Cowen lifted their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.27.

Apple Trading Up 1.2 %

Shares of NASDAQ AAPL opened at $235.00 on Friday. 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 business’s 50 day moving average price is $225.78 and its 200-day moving average price is $208.11. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a market cap of $3.60 trillion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 company had revenue of $85.78 billion for 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%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. On average, sell-side analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio is presently 15.55%.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction 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 transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 $736,269,202.80. 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 company 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.