Apple Inc. (NASDAQ:AAPL) Shares Bought by X Square Capital LLC

X Square Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 14.1% during the second quarter, Holdings Channel reports. The fund owned 13,629 shares of the iPhone maker’s stock after purchasing an additional 1,685 shares during the quarter. Apple comprises 1.3% of X Square Capital LLC’s portfolio, making the stock its 21st biggest holding. X Square Capital LLC’s holdings in Apple were worth $2,871,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC boosted its position in shares of Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after buying an additional 19,352 shares during the period. Gentry Private Wealth LLC bought a new stake in shares of Apple during the second quarter valued at approximately $876,000. WT Asset Management Ltd acquired a new position in shares of Apple during the second quarter valued at $80,057,000. Councilmark Asset Management LLC bought a new stake in Apple during the first quarter worth approximately $11,776,000. Finally, TD Asset Management Inc boosted its position in shares of Apple by 10.3% during the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock valued at $3,526,874,000 after purchasing an additional 1,557,848 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction 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 directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock worth $114,786,399 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AAPL shares. Maxim Group reaffirmed a “hold” rating and issued a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 price target on shares of Apple in a report on Tuesday, September 10th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Thursday, September 19th. Finally, Barclays restated an “underweight” rating and issued a $186.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $235.91.

Apple Stock Up 0.4 %

NASDAQ:AAPL opened at $231.41 on Friday. The firm has a market cap of $3.55 trillion, a P/E ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 1.24. 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 firm has a 50-day simple moving average of $226.75 and a two-hundred day simple moving average of $209.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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. The firm had revenue of $85.78 billion for 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 business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Analysts predict that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. 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.