BCM Advisors LLC Has $1.28 Million Position in Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Oct 4th, 2023

BCM Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 128.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,726 shares of the iPhone maker’s stock after buying an additional 3,787 shares during the period. BCM Advisors LLC’s holdings in Apple were worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFM Investors Pty Ltd lifted its holdings in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the period. Markel Corp lifted its holdings in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC lifted its holdings in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC lifted its holdings in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares during the period. Institutional investors own 58.51% of the company’s stock.

Insider Activity

In other news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The disclosure for this sale can be found here. Insiders sold a total of 321,524 shares of company stock worth $55,530,770 over the last quarter. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AAPL. Tigress Financial boosted their price target on Apple from $210.00 to $225.00 in a report on Friday, June 23rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a report on Thursday, September 21st. Needham & Company LLC reissued a “buy” rating and set a $195.00 price target on shares of Apple in a report on Wednesday, September 13th. TD Cowen raised their target price on shares of Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Apple from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.54.

View Our Latest Research Report on AAPL

Apple Trading Down 0.8 %

NASDAQ AAPL opened at $172.40 on Wednesday. The company has a market cap of $2.70 trillion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.50 and a beta of 1.28. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23. The business has a 50 day moving average price of $180.41 and a 200-day moving average price of $177.52. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. As a group, equities analysts expect that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s dividend payout ratio is presently 16.13%.

Apple Profile

(Free Report)

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.