Sachetta LLC Has $7.22 Million Position in Apple Inc. (NASDAQ:AAPL)

Sachetta LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,016 shares of the iPhone maker’s stock after acquiring an additional 260 shares during the quarter. Apple comprises 3.0% of Sachetta LLC’s holdings, making the stock its 6th biggest holding. Sachetta LLC’s holdings in Apple were worth $7,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cherrydale Wealth Management LLC lifted its position in shares of Apple by 7.5% during the first quarter. Cherrydale Wealth Management LLC now owns 9,685 shares of the iPhone maker’s stock worth $1,661,000 after acquiring an additional 675 shares in the last quarter. FCF Advisors LLC lifted its position in shares of Apple by 8.6% during the first quarter. FCF Advisors LLC now owns 151,994 shares of the iPhone maker’s stock worth $26,064,000 after acquiring an additional 12,071 shares in the last quarter. Lbmc Investment Advisors LLC lifted its position in shares of Apple by 1.7% during the first quarter. Lbmc Investment Advisors LLC now owns 50,997 shares of the iPhone maker’s stock worth $8,745,000 after acquiring an additional 837 shares in the last quarter. Westend Capital Management LLC purchased a new stake in shares of Apple during the first quarter worth $222,000. Finally, Steph & Co. lifted its position in shares of Apple by 3.8% during the first quarter. Steph & Co. now owns 12,645 shares of the iPhone maker’s stock worth $2,168,000 after acquiring an additional 458 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Maxim Group restated a “hold” rating and set a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. New Street Research reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Barclays reiterated an “underweight” rating and issued a $186.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and increased their price objective for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.91.

Apple Stock Up 0.4 %

AAPL opened at $231.41 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company has a fifty day moving average of $226.86 and a two-hundred day moving average of $210.34. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Apple’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio is currently 15.55%.

About Apple

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.