Apple Inc. $AAPL Shares Acquired by Andina Capital Management LLC

Andina Capital Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 209.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,786 shares of the iPhone maker’s stock after buying an additional 4,591 shares during the quarter. Apple comprises approximately 1.1% of Andina Capital Management LLC’s portfolio, making the stock its 23rd largest position. Andina Capital Management LLC’s holdings in Apple were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Conquis Financial LLC purchased a new stake in shares of Apple during the 4th quarter valued at approximately $63,000. LSV Asset Management purchased a new stake in shares of Apple during the 4th quarter valued at approximately $65,000. Elite Financial Inc. purchased a new stake in shares of Apple during the 1st quarter valued at approximately $58,000. Pillar Financial Advisors LLC purchased a new stake in shares of Apple during the 4th quarter valued at approximately $82,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Apple during the 4th quarter valued at approximately $147,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $226.79 on Thursday. 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 fifty day moving average price of $220.75 and a 200 day moving average price of $212.60. The company has a market cap of $3.37 trillion, a P/E ratio of 34.41, a PEG ratio of 2.45 and a beta of 1.11. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last issued its 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. The firm had revenue of $94.04 billion during 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 company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company 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. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Apple’s payout ratio is presently 15.78%.

Analysts Set New Price Targets

Several research firms have recently commented on AAPL. Citigroup reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday. Jefferies Financial Group boosted their target price on Apple from $190.67 to $205.82 and gave the company a “hold” rating in a research report on Monday. Monness Crespi & Hardt boosted their target price on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Evercore ISI boosted their target price on Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley set a $240.00 target price on Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $242.16.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s 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 completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

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.