Apple Inc. (NASDAQ:AAPL) Shares Bought by Emfo LLC

Emfo LLC increased its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,244 shares of the iPhone maker’s stock after buying an additional 3,441 shares during the quarter. Apple comprises 6.9% of Emfo LLC’s portfolio, making the stock its 2nd largest position. Emfo LLC’s holdings in Apple were worth $7,296,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. MKT Advisors LLC raised its position in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares in the last quarter. Aspire Capital Advisors LLC raised its position in Apple by 0.5% in the 1st quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock worth $2,321,000 after purchasing an additional 64 shares during the period. Freedom Wealth Alliance LLC raised its position in Apple by 0.4% in the 1st quarter. Freedom Wealth Alliance LLC now owns 16,091 shares of the iPhone maker’s stock worth $2,653,000 after purchasing an additional 67 shares during the period. Adaptive Financial Consulting LLC raised its position in Apple by 2.7% in the 4th quarter. Adaptive Financial Consulting LLC now owns 2,606 shares of the iPhone maker’s stock worth $339,000 after purchasing an additional 68 shares during the period. Finally, PFG Private Wealth Management LLC raised its position in Apple by 0.9% in the 1st quarter. PFG Private Wealth Management LLC now owns 7,644 shares of the iPhone maker’s stock worth $1,260,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.

Apple Trading Up 0.8 %

NASDAQ:AAPL opened at $189.46 on Monday. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. The company’s 50-day simple moving average is $186.82 and its 200 day simple moving average is $173.49. The firm has a market capitalization of $2.96 trillion, a P/E ratio of 31.84, a PEG ratio of 2.63 and a beta of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. As a group, analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 0.51%. Apple’s dividend payout ratio (DPR) is presently 16.13%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Apple from $149.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Monday, May 22nd. Bank of America lifted their target price on shares of Apple from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Canaccord Genuity Group lifted their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Credit Suisse Group lifted their target price on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.86.

View Our Latest Stock Analysis on Apple

Apple Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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