Eukles Asset Management increased its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 53,182 shares of the iPhone maker’s stock after buying an additional 221 shares during the quarter. Apple accounts for approximately 5.3% of Eukles Asset Management’s portfolio, making the stock its largest holding. Eukles Asset Management’s holdings in Apple were worth $10,316,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC bought a new stake in shares of Apple in the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP raised its holdings in Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the period. HBC Financial Services PLLC lifted its position in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Clear Perspectives Financial Planning LLC grew its position in shares of Apple by 27.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock valued at $172,000 after purchasing an additional 211 shares in the last quarter. Finally, NNS Holding bought a new stake in shares of Apple during the 2nd quarter valued at $193,000. Institutional investors own 58.51% of the company’s stock.
Insider Transactions at Apple
In related news, insider Chris Kondo sold 4,806 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the completion of the transaction, the senior vice president now owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now owns 34,687 shares in the company, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 444,391 shares of company stock valued at $77,370,046. Company insiders own 0.06% of the company’s stock.
Apple Trading Down 0.0 %
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. Apple’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. On average, research analysts anticipate that Apple Inc. will post 6.56 EPS for the current year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.51%. Apple’s dividend payout ratio (DPR) is presently 15.69%.
Wall Street Analyst Weigh In
Several research analysts have commented on AAPL shares. UBS Group restated a “neutral” rating and issued a $190.00 target price on shares of Apple in a research note on Wednesday, September 27th. Oppenheimer decreased their target price on shares of Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Wedbush reiterated an “outperform” rating and issued a $240.00 target price on shares of Apple in a research note on Wednesday, November 1st. TD Cowen boosted their price target on shares of Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Finally, Raymond James increased their price objective on Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.25.
Apple Company 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.
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