Apple Inc. (NASDAQ:AAPL) Position Boosted by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,608 shares of the iPhone maker’s stock after purchasing an additional 169 shares during the quarter. Apple accounts for about 2.1% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Duncan Williams Asset Management LLC’s holdings in Apple were worth $2,445,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc purchased a new stake in shares of Apple during the 1st quarter valued at about $35,000. Fidelis Capital Partners LLC increased its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple in the 4th quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. grew its stake in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in Apple during the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAPL. Wedbush lifted their price target on shares of Apple from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Canaccord Genuity Group upped their target price on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Saturday, May 4th. Barclays decreased their price target on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Finally, KeyCorp reaffirmed a “hold” rating and set a $247.61 target price on shares of Apple in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $237.30.

Apple Trading Down 0.3 %

Shares of NASDAQ AAPL opened at $229.00 on Friday. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.60 and a beta of 1.24. The business has a 50 day simple moving average of $221.88 and a 200 day simple moving average of $195.77. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 145.35% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 6.61 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

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.