Apple Inc. (NASDAQ:AAPL) Shares Bought by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 49.5% during the third quarter, HoldingsChannel reports. The fund owned 4,168 shares of the iPhone maker’s stock after acquiring an additional 1,380 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Apple were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AAPL. China Universal Asset Management Co. Ltd. boosted its position in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Graypoint LLC boosted its holdings in Apple by 3.9% during the first quarter. Graypoint LLC now owns 209,327 shares of the iPhone maker’s stock worth $35,895,000 after buying an additional 7,860 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Apple by 28.0% during the first quarter. Daiwa Securities Group Inc. now owns 2,601,162 shares of the iPhone maker’s stock worth $446,048,000 after buying an additional 568,771 shares during the period. Baron Silver Stevens Financial Advisors LLC increased its holdings in Apple by 4.6% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 45,004 shares of the iPhone maker’s stock valued at $7,717,000 after buying an additional 1,982 shares in the last quarter. Finally, Adapt Wealth Advisors LLC acquired a new stake in shares of Apple during the 1st quarter valued at approximately $868,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 1.3 %

AAPL opened at $232.87 on Tuesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a 50 day moving average price of $228.06 and a 200 day moving average price of $218.64. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.52 trillion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AAPL shares. Melius Research restated a “buy” rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Barclays lowered their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Tigress Financial raised their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, Rosenblatt Securities increased their price objective on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.25.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was 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 in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last quarter. 0.06% of the stock is owned by corporate insiders.

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.