Jmac Enterprises LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,320 shares of the iPhone maker’s stock after purchasing an additional 479 shares during the quarter. Apple accounts for about 2.3% of Jmac Enterprises LLC’s portfolio, making the stock its 8th biggest position. Jmac Enterprises LLC’s holdings in Apple were worth $9,373,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. HF Advisory Group LLC raised its position in shares of Apple by 1.6% during the second quarter. HF Advisory Group LLC now owns 7,374 shares of the iPhone maker’s stock worth $1,430,000 after purchasing an additional 113 shares during the period. True Link Financial Advisors LLC grew its holdings in shares of Apple by 110.8% during the second quarter. True Link Financial Advisors LLC now owns 5,080 shares of the iPhone maker’s stock worth $985,000 after buying an additional 2,670 shares in the last quarter. Shikiar Asset Management Inc. grew its holdings in shares of Apple by 4.9% during the second quarter. Shikiar Asset Management Inc. now owns 318,211 shares of the iPhone maker’s stock worth $61,723,000 after buying an additional 14,943 shares in the last quarter. Rockwood Wealth Management LLC bought a new position in shares of Apple during the second quarter worth about $1,632,000. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Apple by 2.2% during the second quarter. Revolve Wealth Partners LLC now owns 60,960 shares of the iPhone maker’s stock worth $11,824,000 after buying an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.
Apple Stock Performance
NASDAQ:AAPL opened at $175.46 on Friday. The stock has a market cap of $2.74 trillion, a P/E ratio of 29.49, a PEG ratio of 2.38 and a beta of 1.28. The stock has a 50 day simple moving average of $177.89 and a 200 day simple moving average of $178.75. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $198.23.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s dividend payout ratio is presently 16.13%.
Insider Buying and Selling at Apple
In other Apple news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of 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 hyperlink. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of 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 hyperlink. Also, CFO Luca Maestri sold 32,010 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $177.89, for a total value of $5,694,258.90. Following the transaction, the chief financial officer now directly owns 139,346 shares of the company’s stock, valued at approximately $24,788,259.94. The disclosure for this sale can be found here. Insiders sold 455,004 shares of company stock valued at $79,238,767 in the last three months. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AAPL shares. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price objective on shares of Apple in a report on Wednesday, September 13th. The Goldman Sachs Group decreased their price objective on Apple from $222.00 to $216.00 and set a “buy” rating for the company in a report on Wednesday, September 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $195.00 price target on shares of Apple in a research note on Monday, October 9th. StockNews.com started coverage on Apple in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James raised their price target on Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.40.
Read Our Latest Stock Analysis on Apple
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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