Mine & Arao Wealth Creation & Management LLC. increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 91,668 shares of the iPhone maker’s stock after purchasing an additional 1,169 shares during the period. Apple makes up 9.4% of Mine & Arao Wealth Creation & Management LLC.’s investment portfolio, making the stock its 4th biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Apple were worth $19,307,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Swedbank AB purchased a new stake in shares of Apple in the 1st quarter valued at approximately $3,026,492,000. Global Assets Advisory LLC grew its stake in shares of Apple by 23,076.4% during the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock worth $1,584,512,000 after purchasing an additional 9,200,345 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Apple by 158.3% in the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after buying an additional 7,067,379 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Apple by 161.2% in the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock valued at $1,502,068,000 after buying an additional 5,405,542 shares during the last quarter. Finally, Natixis raised its stake in Apple by 127.7% in the first quarter. Natixis now owns 4,632,987 shares of the iPhone maker’s stock valued at $794,465,000 after buying an additional 2,598,742 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.
Apple Price Performance
Shares of AAPL opened at $230.76 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $226.64 and its two-hundred day moving average is $209.48. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm has a market capitalization of $3.54 trillion, a PE ratio of 35.89, a P/E/G ratio of 2.40 and a beta of 1.24.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.55%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Cfra upped their price objective on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 price objective (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.27.
View Our Latest Stock Report on Apple
Insider Activity
In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were 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 owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock worth $114,786,399 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than Apple
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Effectively Use the MarketBeat Ratings Screener
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What Are Growth Stocks and Investing in Them
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.