Apple Inc. $AAPL Stock Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,412,673 shares of the iPhone maker’s stock after buying an additional 142,381 shares during the period. Apple accounts for 4.1% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Nisa Investment Advisors LLC’s holdings in Apple were worth $905,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ryan Investment Management Inc. bought a new stake in shares of Apple during the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC grew its holdings in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares in the last quarter. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at about $65,000. Finally, Elite Financial Inc. bought a new stake in shares of Apple during the first quarter valued at about $58,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the sale, the insider owned 15,098 shares in the company, valued at approximately $4,095,030.54. This trade represents a 19.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 228,052 shares of company stock worth $58,604,588. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.2%

Shares of AAPL stock opened at $277.55 on Friday. The business has a 50-day moving average of $262.61 and a 200 day moving average of $231.12. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $280.38. The stock has a market capitalization of $4.10 trillion, a PE ratio of 42.12, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were issued a $0.26 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 13.92%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup reaffirmed a “buy” rating and issued a $315.00 target price (up from $245.00) on shares of Apple in a research note on Friday, October 31st. HSBC set a $220.00 target price on shares of Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Melius increased their price target on shares of Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Barclays upped their price objective on Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $278.22.

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.