Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Freemont Management S.A.

Freemont Management S.A. grew its stake in Apple Inc. (NASDAQ:AAPL) by 20.0% during the 2nd quarter, Holdings Channel reports. The fund owned 128,000 shares of the iPhone maker’s stock after acquiring an additional 21,300 shares during the period. Apple comprises about 12.7% of Freemont Management S.A.’s portfolio, making the stock its biggest position. Freemont Management S.A.’s holdings in Apple were worth $26,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Liberty Wealth Management LLC increased its stake in Apple by 70.5% in the second quarter. Liberty Wealth Management LLC now owns 181,551 shares of the iPhone maker’s stock valued at $38,238,000 after purchasing an additional 75,072 shares during the last quarter. Choreo LLC increased its stake in Apple by 90.7% in the second quarter. Choreo LLC now owns 869,690 shares of the iPhone maker’s stock valued at $188,134,000 after purchasing an additional 413,678 shares during the last quarter. Wedbush Securities Inc. increased its stake in Apple by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,044,851 shares of the iPhone maker’s stock valued at $220,067,000 after purchasing an additional 5,451 shares during the last quarter. Vista Finance LLC increased its stake in Apple by 2.3% in the second quarter. Vista Finance LLC now owns 5,772 shares of the iPhone maker’s stock valued at $1,216,000 after purchasing an additional 130 shares during the last quarter. Finally, Valliance Asset Management Ltd acquired a new position in Apple in the second quarter valued at $5,266,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction 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 directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 over the last three months. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AAPL shares. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 target price on shares of Apple in a research note on Tuesday, September 10th. UBS Group restated a “hold” rating and set a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Finally, Maxim Group restated a “hold” rating and set a $203.00 price target on shares of Apple in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

Apple Trading Up 0.4 %

NASDAQ:AAPL opened at $231.41 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The business has a 50 day simple moving average of $226.86 and a 200 day simple moving average of $210.34.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. 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 dividend payout ratio is presently 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.