Apple Inc. $AAPL Shares Acquired by Sawyer & Company Inc

Sawyer & Company Inc lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,362 shares of the iPhone maker’s stock after purchasing an additional 389 shares during the period. Apple accounts for about 4.1% of Sawyer & Company Inc’s investment portfolio, making the stock its 4th biggest holding. Sawyer & Company Inc’s holdings in Apple were worth $10,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. Norges Bank acquired a new stake in shares of Apple in the 4th quarter valued at $46,868,648,000. Nuveen LLC bought a new position in Apple in the 1st quarter worth $17,472,482,000. GAMMA Investing LLC raised its holdings in Apple by 25,934.1% in the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after acquiring an additional 59,835,676 shares during the period. Vanguard Group Inc. raised its holdings in Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares during the period. Finally, Northern Trust Corp raised its holdings 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 acquiring an additional 20,079,472 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AAPL. Morgan Stanley set a $240.00 target price on shares of Apple and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their target price on shares of Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Loop Capital dropped their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday, August 21st. Tigress Financial lifted their target price on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Sanford C. Bernstein began coverage on shares of Apple in a report on Monday, September 15th. They issued an “outperform” rating and a $290.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.66.

Insiders Place Their Bets

In related 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 sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

AAPL opened at $252.31 on Thursday. The stock has a market cap of $3.74 trillion, a PE ratio of 38.29, a P/E/G ratio of 2.64 and a beta of 1.11. 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’s 50 day simple moving average is $227.04 and its 200-day simple moving average is $212.78.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

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 $0.26 dividend. The ex-dividend date of this dividend 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 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.