Apple Inc. (NASDAQ:AAPL) is American Institute for Advanced Investment Management LLP’s 2nd Largest Position

American Institute for Advanced Investment Management LLP increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,482 shares of the iPhone maker’s stock after purchasing an additional 2,641 shares during the period. Apple makes up 5.2% of American Institute for Advanced Investment Management LLP’s holdings, making the stock its 2nd biggest position. American Institute for Advanced Investment Management LLP’s holdings in Apple were worth $5,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Parker Financial LLC raised its stake in Apple by 1.2% during the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after acquiring an additional 54 shares in the last quarter. MKT Advisors LLC raised its stake in Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after acquiring an additional 60 shares in the last quarter. Professional Financial Advisors LLC raised its stake in Apple by 0.5% during the 2nd quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock worth $2,563,000 after acquiring an additional 62 shares in the last quarter. Aspire Capital Advisors LLC raised its stake in Apple by 0.5% during the 1st quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock worth $2,321,000 after acquiring an additional 64 shares in the last quarter. Finally, Legacy Financial Group LLC raised its stake in Apple by 0.6% during the 2nd quarter. Legacy Financial Group LLC now owns 10,949 shares of the iPhone maker’s stock worth $2,124,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AAPL shares. Wells Fargo & Company lifted their price target on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Bank of America reissued a “neutral” rating and set a $173.00 price objective on shares of Apple in a research report on Tuesday, October 24th. Jefferies Financial Group lowered their price objective on shares of Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. KeyCorp reissued a “sector weight” rating on shares of Apple in a research report on Monday, October 30th. Finally, Canaccord Genuity Group raised their price objective 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. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.82.

Apple Price Performance

AAPL opened at $176.65 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $198.23. The company has a 50 day moving average of $176.80 and a two-hundred day moving average of $179.38. The company has a market cap of $2.76 trillion, a P/E ratio of 29.69, a P/E/G ratio of 2.42 and a beta of 1.30.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. The company had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. On average, analysts expect that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 0.54%. Apple’s dividend payout ratio (DPR) is presently 16.13%.

Insider Activity

In other news, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Luca Maestri sold 31,685 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $178.69, for a total value of $5,661,792.65. Following the sale, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at $19,237,944.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the completion of the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,004 shares of company stock worth $79,238,767. 0.06% of the stock is currently owned by company 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.