Pacifica Partners Inc. Purchases 405 Shares of Apple Inc. (NASDAQ:AAPL)

Pacifica Partners Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,404 shares of the iPhone maker’s stock after acquiring an additional 405 shares during the quarter. Apple comprises about 6.0% of Pacifica Partners Inc.’s investment portfolio, making the stock its largest position. Pacifica Partners Inc.’s holdings in Apple were worth $14,046,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AAPL. Foresight Capital Management Advisors Inc. boosted its stake in Apple by 0.3% during the second quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock valued at $4,003,000 after buying an additional 55 shares during the period. Flagstone Financial Management boosted its stake in Apple by 0.9% during the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 56 shares during the period. Hoese & Co LLP boosted its stake in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Stableford Capital II LLC boosted its stake in Apple by 0.3% during the first quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after buying an additional 59 shares during the period. Finally, Kwmg LLC lifted its stake in Apple by 0.6% during the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock worth $1,825,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price target on shares of Apple in a research note on Tuesday, August 27th. Sanford C. Bernstein lifted their price target on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. UBS Group reaffirmed a “neutral” rating and set a $190.00 price target on shares of Apple in a research note on Monday, July 1st. Wedbush lifted their price target on Apple from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Cfra lifted their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.30.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, 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 directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock valued at $23,723,887 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.3 %

AAPL stock opened at $229.00 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The business’s 50 day moving average price is $221.88 and its two-hundred day moving average price is $195.77. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 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.