Aspire Private Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,890 shares of the iPhone maker’s stock after acquiring an additional 214 shares during the quarter. Apple accounts for 1.2% of Aspire Private Capital LLC’s portfolio, making the stock its 22nd largest holding. Aspire Private Capital LLC’s holdings in Apple were worth $3,858,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc raised its holdings in shares of Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after acquiring an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after acquiring an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Apple by 0.9% during the first quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after acquiring an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after acquiring an additional 7,736,013 shares in the last quarter. 58.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on AAPL shares. Piper Sandler increased their price objective on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Wedbush increased their target price on shares of Apple from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. Bank of America reissued a “neutral” rating and set a $173.00 target price on shares of Apple in a research report on Tuesday. Canaccord Genuity Group increased their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Piper Sandler Companies raised their price target on Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $199.40.
Insider Buying and Selling
In related news, SVP Deirdre O’brien sold 65,536 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now owns 136,445 shares in the company, valued at approximately $23,483,548.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at approximately $23,483,548.95. The disclosure for this sale can be found here. Insiders sold 455,004 shares of company stock worth $79,238,767 in the last quarter. Insiders own 0.06% of the company’s stock.
Apple Stock Performance
NASDAQ:AAPL opened at $168.22 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The firm has a 50 day moving average of $177.33 and a 200-day moving average of $178.97. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $2.63 trillion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. Apple’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.05 EPS for the current fiscal year.
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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio (DPR) is presently 16.13%.
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.
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