Chatham Capital Group Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,099 shares of the iPhone maker’s stock after purchasing an additional 1,545 shares during the period. Apple makes up 3.6% of Chatham Capital Group Inc.’s portfolio, making the stock its 2nd biggest position. Chatham Capital Group Inc.’s holdings in Apple were worth $17,283,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC acquired a new position in Apple in the first quarter worth about $30,000. St. James Investment Advisors LLC raised its position in Apple by 98.3% in the fourth quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Summit Wealth Group LLC raised its position in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC raised its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Apple during the fourth quarter worth approximately $93,000. Institutional investors and hedge funds own 58.51% of the company’s stock.
Apple Trading Up 0.3 %
Shares of NASDAQ:AAPL opened at $171.21 on Friday. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. The company’s fifty day simple moving average is $181.22 and its 200 day simple moving average is $177.10. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.49 and a beta of 1.27.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s payout ratio is 16.13%.
Insider Buying and Selling
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the sale, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. 58.com reaffirmed a “maintains” rating on shares of Apple in a report on Monday, June 5th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Apple in a report on Thursday, September 14th. Raymond James increased their price target on shares of Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Wells Fargo & Company increased their price target on shares of Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $200.54.
View Our Latest Research Report on AAPL
Apple 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.
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