Signature Resources Capital Management LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,237 shares of the iPhone maker’s stock after buying an additional 260 shares during the quarter. Apple comprises approximately 0.4% of Signature Resources Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Signature Resources Capital Management LLC’s holdings in Apple were worth $664,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Apple by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock worth $311,157,662,000 after buying an additional 5,005,297 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its position in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after buying an additional 205,656,808 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after purchasing an additional 13,137,968 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Apple by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock valued at $21,790,933,000 after purchasing an additional 984,157 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Insider Buying and Selling
In related news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,922 shares of company stock valued at $64,320,190 in the last three months. Insiders own 0.06% of the company’s stock.
Apple Stock Down 3.5%
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on AAPL. Sanford C. Bernstein began coverage on Apple in a report on Monday, September 15th. They issued an “outperform” rating and a $290.00 target price on the stock. Barclays raised their target price on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a report on Thursday, September 11th. Finally, Melius Research set a $290.00 target price on Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.29.
Get Our Latest Analysis on AAPL
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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