Koshinski Asset Management Inc. Has $36.64 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Koshinski Asset Management Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 165,133 shares of the iPhone maker’s stock after buying an additional 3,556 shares during the period. Apple comprises approximately 3.1% of Koshinski Asset Management Inc.’s holdings, making the stock its 3rd largest position. Koshinski Asset Management Inc.’s holdings in Apple were worth $36,635,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AAPL. Vanguard Group Inc. raised its position in shares of Apple by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after buying an additional 49,168,843 shares in the last quarter. Geode Capital Management LLC raised its position in Apple by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock worth $84,999,145,000 after purchasing an additional 6,307,413 shares during the period. Norges Bank purchased a new stake in Apple in the 4th quarter worth about $46,868,648,000. Northern Trust Corp raised its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Evercore ISI reissued an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $270.00 target price on shares of Apple in a research report on Thursday, August 7th. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating in a research report on Friday, July 18th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, May 21st. Finally, Loop Capital reduced their target price on shares of Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.60.

Apple Stock Performance

NASDAQ:AAPL opened at $231.59 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.44 trillion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.44 and a beta of 1.16. The company’s 50-day moving average is $209.69 and its two-hundred day moving average is $213.33. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

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.