Caxton Associates LP increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 222.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 508,623 shares of the iPhone maker’s stock after buying an additional 350,790 shares during the quarter. Apple comprises 3.7% of Caxton Associates LP’s investment portfolio, making the stock its 7th biggest holding. Caxton Associates LP’s holdings in Apple were worth $107,126,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV lifted its holdings in shares of Apple by 1.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 174,052 shares of the iPhone maker’s stock valued at $29,846,000 after buying an additional 1,962 shares during the period. Graphene Investments SAS raised its holdings in Apple by 11.4% during the first quarter. Graphene Investments SAS now owns 54,700 shares of the iPhone maker’s stock worth $9,380,000 after purchasing an additional 5,600 shares during the last quarter. KFG Wealth Management LLC raised its holdings in Apple by 31.3% during the first quarter. KFG Wealth Management LLC now owns 23,944 shares of the iPhone maker’s stock worth $4,106,000 after purchasing an additional 5,702 shares during the last quarter. Svenska Handelsbanken AB publ acquired a new position in Apple during the first quarter worth $343,000. Finally, OMNI 360 Wealth Inc. raised its holdings in Apple by 4.1% during the first quarter. OMNI 360 Wealth Inc. now owns 16,308 shares of the iPhone maker’s stock worth $2,796,000 after purchasing an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.
Apple Price Performance
Shares of NASDAQ:AAPL opened at $224.23 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a market cap of $3.39 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 2.22 and a beta of 1.24. The stock’s 50 day moving average price is $226.72 and its 200 day moving average price is $215.06. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 16.45%.
Insiders Place Their Bets
In other Apple news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apple news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 412,746 shares of company stock worth $93,021,362. 0.06% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
AAPL has been the subject of several research reports. UBS Group lifted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America reissued a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Thursday, October 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Citigroup lifted their price objective on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, New Street Research reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.
View Our Latest Research Report on Apple
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.
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