Enlightenment Research LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 841.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,600 shares of the iPhone maker’s stock after acquiring an additional 78,295 shares during the period. Apple comprises 8.9% of Enlightenment Research LLC’s holdings, making the stock its biggest holding. Enlightenment Research LLC’s holdings in Apple were worth $17,526,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new position in shares of Apple during the 4th quarter worth $50,000. Avondale Wealth Management lifted its holdings in Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after purchasing an additional 64 shares in the last quarter. NuWave Investment Management LLC lifted its holdings in Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 449 shares in the last quarter. Horan Securities Inc. lifted its holdings in Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after purchasing an additional 221 shares in the last quarter. Finally, INR Advisory Services LLC purchased a new stake in shares of Apple in the 4th quarter valued at about $124,000. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Shares of NASDAQ AAPL traded down $4.34 during mid-day trading on Friday, reaching $218.75. The company’s stock had a trading volume of 22,073,787 shares, compared to its average volume of 24,353,276. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The firm has a market capitalization of $979.31 billion, a PE ratio of 18.37, a P/E/G ratio of 1.79 and a beta of 1.24. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The stock has a fifty day moving average of $207.16 and a two-hundred day moving average of $196.48.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. The company had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. Analysts anticipate that Apple Inc. will post 11.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.41%. Apple’s dividend payout ratio is currently 25.86%.
In other Apple news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $201.69, for a total value of $3,529,575.00. Following the sale, the director now owns 1,150,783 shares in the company, valued at $232,101,423.27. The disclosure for this sale can be found here. Insiders sold 304,536 shares of company stock worth $62,894,611 over the last quarter. 0.05% of the stock is owned by company insiders.
AAPL has been the topic of several recent analyst reports. Morgan Stanley set a $247.00 price target on Apple and gave the company a “buy” rating in a report on Thursday. Evercore ISI initiated coverage on Apple in a report on Thursday, June 6th. They issued an “outperform” rating and a $205.00 price target on the stock. Sanford C. Bernstein set a $205.00 price objective on Apple and gave the company a “hold” rating in a report on Tuesday, September 3rd. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Cascend Securities reissued a “buy” rating and set a $240.00 price objective (up from $210.00) on shares of Apple in a report on Thursday, June 20th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $218.18.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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