Apple Inc. (NASDAQ:AAPL) Shares Acquired by Sutton Place Investors LLC

Sutton Place Investors LLC grew its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 15.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,984 shares of the iPhone maker’s stock after buying an additional 1,560 shares during the quarter. Apple comprises 2.3% of Sutton Place Investors LLC’s investment portfolio, making the stock its 12th biggest holding. Sutton Place Investors LLC’s holdings in Apple were worth $1,939,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. State Street Corp raised its holdings in Apple by 1.8% during the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after purchasing an additional 10,951,705 shares during the last quarter. Geode Capital Management LLC raised its holdings in Apple by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock worth $46,812,958,000 after purchasing an additional 4,456,954 shares during the last quarter. Norges Bank acquired a new position in Apple during the fourth quarter worth $25,228,507,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Apple by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares during the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 1.9 %

Shares of AAPL opened at $152.37 on Friday. The stock’s 50-day moving average is $159.46 and its two-hundred day moving average is $156.26. The stock has a market cap of $2.45 trillion, a PE ratio of 25.14, a P/E/G ratio of 1.99 and a beta of 1.23. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is 15.18%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AAPL shares. Citigroup lifted their price objective on Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Sanford C. Bernstein set a $170.00 price target on Apple in a research report on Monday. Fundamental Research set a $177.07 price target on Apple and gave the stock a “buy” rating in a research report on Thursday, August 4th. set a $175.00 price target on Apple in a research report on Friday, July 29th. Finally, Morgan Stanley dropped their price target on Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.52.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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