Apple Inc. $AAPL is Painted Porch Advisors LLC’s 5th Largest Position

Painted Porch Advisors LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,271 shares of the iPhone maker’s stock after selling 475 shares during the period. Apple comprises approximately 4.4% of Painted Porch Advisors LLC’s holdings, making the stock its 5th largest holding. Painted Porch Advisors LLC’s holdings in Apple were worth $10,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares during the period. Geode Capital Management LLC raised its holdings in Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock worth $84,999,145,000 after purchasing an additional 6,307,413 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in Apple by 573,627.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares in the last quarter. Norges Bank purchased a new position in Apple during the fourth quarter valued at $46,868,648,000. Finally, Northern Trust Corp boosted its holdings in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction dated Friday, August 8th. The stock was 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. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI set a $290.00 price target on shares of Apple and gave the stock an “outperform” rating in a research note on Friday, September 26th. Jefferies Financial Group upped their price objective on shares of Apple from $190.67 to $205.82 and gave the stock a “hold” rating in a report on Monday, September 8th. Bank of America raised their target price on shares of Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Citigroup reissued a “buy” rating on shares of Apple in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities upped their price target on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $245.51.

Apple Trading Up 0.3%

NASDAQ:AAPL opened at $255.45 on Thursday. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 38.76, a PEG ratio of 2.64 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average price is $231.34 and its 200-day moving average price is $214.08. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced 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 company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given 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 15.78%.

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.