Privium Fund Management UK Ltd Buys Shares of 5,050 Apple Inc. $AAPL

Privium Fund Management UK Ltd bought a new stake in Apple Inc. (NASDAQ:AAPL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,050 shares of the iPhone maker’s stock, valued at approximately $1,131,000. Apple makes up about 0.9% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 14th largest position.

Several other large investors have also recently bought and sold shares of AAPL. Advanced Portfolio Management LLC lifted its position in shares of Apple by 0.3% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after purchasing an additional 47 shares in the last quarter. Salus Financial Advisors LLC lifted its position in shares of Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares in the last quarter. Disciplined Investments LLC lifted its position in shares of Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock valued at $1,794,000 after purchasing an additional 51 shares in the last quarter. Sharpepoint LLC lifted its position in shares of Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after purchasing an additional 51 shares in the last quarter. Finally, Redwood Financial Network Corp lifted its position in shares of Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $239.69 on Friday. The firm’s 50 day simple moving average is $219.28 and its 200 day simple moving average is $212.86. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.56 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

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

Apple Announces Dividend

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

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction 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 transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $217.00 price objective on shares of Apple in a research report on Tuesday, July 29th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Evercore ISI reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a research note on Wednesday, August 13th. Finally, Loop Capital cut their price target on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $239.05.

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.