Apple Inc. (NASDAQ:AAPL) Shares Acquired by G2 Capital Management LLC OH

G2 Capital Management LLC OH boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.6% during the fourth quarter, HoldingsChannel reports. The fund owned 31,409 shares of the iPhone maker’s stock after buying an additional 1,084 shares during the period. Apple comprises 2.1% of G2 Capital Management LLC OH’s holdings, making the stock its 9th biggest position. G2 Capital Management LLC OH’s holdings in Apple were worth $6,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headinvest LLC increased its holdings in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Apple by 16.1% in the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after buying an additional 10,425 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after buying an additional 279,311 shares during the period. Boltwood Capital Management grew its position in Apple by 2.8% in the 4th quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock valued at $7,158,000 after acquiring an additional 1,021 shares in the last quarter. Finally, Private Wealth Partners LLC increased its stake in Apple by 3.8% during the third quarter. Private Wealth Partners LLC now owns 673,349 shares of the iPhone maker’s stock worth $115,284,000 after purchasing an additional 24,634 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Monday, April 29th. Itau BBA Securities upgraded Apple from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $162.00 to $188.00 in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Canaccord Genuity Group boosted their price objective on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Saturday, May 4th. Finally, Maxim Group started coverage on shares of Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.11.

Apple Stock Performance

NASDAQ AAPL opened at $182.74 on Thursday. The firm has a market cap of $2.82 trillion, a P/E ratio of 28.42, a P/E/G ratio of 2.21 and a beta of 1.26. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The business’s 50-day moving average price is $172.17 and its 200 day moving average price is $181.78. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple announced that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is presently 15.55%.

About Apple

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.