Apple Inc. $AAPL Stake Boosted by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 25.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,576 shares of the iPhone maker’s stock after buying an additional 76,244 shares during the quarter. Apple makes up about 2.1% of Curi RMB Capital LLC’s investment portfolio, making the stock its 6th largest position. Curi RMB Capital LLC’s holdings in Apple were worth $84,537,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Bridgeway Capital Management LLC lifted its holdings in shares of Apple by 1.6% in the first quarter. Bridgeway Capital Management LLC now owns 148,710 shares of the iPhone maker’s stock worth $33,033,000 after buying an additional 2,357 shares in the last quarter. Belmont Capital LLC lifted its holdings in shares of Apple by 48.3% in the first quarter. Belmont Capital LLC now owns 459,358 shares of the iPhone maker’s stock worth $102,037,000 after buying an additional 149,593 shares in the last quarter. Banque Transatlantique SA lifted its holdings in shares of Apple by 260.8% in the first quarter. Banque Transatlantique SA now owns 4,508,384 shares of the iPhone maker’s stock worth $925,467,000 after buying an additional 3,258,726 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Apple by 6.1% in the first quarter. Alliancebernstein L.P. now owns 28,191,897 shares of the iPhone maker’s stock worth $6,262,266,000 after buying an additional 1,613,031 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its holdings in shares of Apple by 1.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 1,430,244 shares of the iPhone maker’s stock worth $317,700,000 after buying an additional 20,275 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.8%

AAPL stock opened at $234.07 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The firm’s fifty day simple moving average is $221.50 and its two-hundred day simple moving average is $212.39.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating 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 business had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given 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 yield of 0.4%. Apple’s payout ratio is 15.78%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, July 25th. Phillip Securities downgraded shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $266.00 target price on shares of Apple in a report on Tuesday, August 26th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Finally, Loop Capital reduced their price target on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $240.80.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

Apple 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.