Apple Inc. $AAPL Stock Position Increased by Veery Capital LLC

Veery Capital LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,680 shares of the iPhone maker’s stock after purchasing an additional 918 shares during the quarter. Apple comprises 0.9% of Veery Capital LLC’s holdings, making the stock its 15th biggest position. Veery Capital LLC’s holdings in Apple were worth $2,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of Apple in the 4th quarter worth approximately $47,000. Elite Financial Inc. acquired a new position in shares of Apple in the 1st quarter worth approximately $58,000. Conquis Financial LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $63,000. Finally, LSV Asset Management acquired a new position in shares of Apple in the 4th quarter worth approximately $65,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AAPL shares. HSBC set a $220.00 price target on shares of Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Raymond James Financial restated an “outperform” rating and issued a $240.00 price target (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Melius Research set a $290.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, September 10th. Jefferies Financial Group upped their price target on shares of Apple from $190.67 to $205.82 and gave the company a “hold” rating in a research report on Monday, September 8th. Finally, Evercore ISI upped their price target on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.93.

Insider Buying and Selling at Apple

In other 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 value of $7,772,047.20. Following the completion of the sale, the senior vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $237.88 on Friday. The firm has a fifty day simple moving average of $223.66 and a 200-day simple moving average of $212.35. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The stock has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.48 and a beta of 1.11.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Apple’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s 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.