DBK Financial Counsel LLC Invests $315,000 in Apple Inc. (NASDAQ:AAPL)

DBK Financial Counsel LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,301 shares of the iPhone maker’s stock, valued at approximately $315,000.

Other large investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd lifted its stake in Apple by 145.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 643,206 shares of the iPhone maker’s stock valued at $114,214,000 after buying an additional 381,507 shares during the period. B. Riley Wealth Management Inc. lifted its stake in Apple by 2.3% in the fourth quarter. B. Riley Wealth Management Inc. now owns 366,388 shares of the iPhone maker’s stock valued at $63,470,000 after buying an additional 8,166 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in Apple by 1.9% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,307,032 shares of the iPhone maker’s stock valued at $1,302,113,000 after buying an additional 133,277 shares during the period. Vicus Capital acquired a new position in Apple in the fourth quarter valued at about $17,149,000. Finally, WINTON GROUP Ltd acquired a new position in Apple in the fourth quarter valued at about $5,380,000. Institutional investors own 57.72% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $153.72 on Thursday. The stock has a market cap of $2.47 trillion, a P/E ratio of 25.37, a PEG ratio of 2.00 and a beta of 1.23. The stock has a 50 day simple moving average of $160.23 and a 200 day simple moving average of $155.88. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Research analysts anticipate that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AAPL shares. Wedbush raised their price target on Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Sanford C. Bernstein set a $170.00 price target on Apple in a research report on Monday, September 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. Monness Crespi & Hardt started coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target on the stock. Finally, Barclays set a $169.00 price target on Apple in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.68.

About Apple

(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.

Featured Stories

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.