Truefg LLC Grows Holdings in Apple Inc. (NASDAQ:AAPL)

Truefg LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,482 shares of the iPhone maker’s stock after acquiring an additional 98 shares during the quarter. Apple accounts for approximately 0.5% of Truefg LLC’s portfolio, making the stock its 15th largest holding. Truefg LLC’s holdings in Apple were worth $1,069,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AAPL. Moneta Group Investment Advisors LLC increased its stake in shares of Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after buying an additional 569,066,184 shares during the period. Norges Bank purchased a new position in shares of Apple during the fourth quarter valued at approximately $21,746,940,000. Morgan Stanley boosted its holdings in Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Vanguard Group Inc. grew its position in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Apple during the fourth quarter valued at approximately $1,075,599,000. 58.51% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 3.6 %

Shares of Apple stock opened at $182.91 on Thursday. The firm’s 50 day simple moving average is $186.81 and its two-hundred day simple moving average is $174.06. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.76 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same period in the previous year, the company posted $1.20 earnings per share. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that Apple Inc. will post 6.05 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.52%. Apple’s dividend payout ratio is currently 16.13%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp increased their price objective on Apple from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 11th. Oppenheimer boosted their price objective on shares of Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Rosenblatt Securities cut Apple from a “buy” rating to a “neutral” rating and set a $198.00 target price on the stock. in a report on Friday, August 4th. Raymond James raised their price objective on Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Tigress Financial boosted their price objective on Apple from $210.00 to $225.00 in a research note on Friday, June 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.86.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 15,419 shares of the firm’s 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 transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Apple 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.