Capital CS Group LLC Buys 622 Shares of Apple Inc. $AAPL

Capital CS Group LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 14.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,858 shares of the iPhone maker’s stock after acquiring an additional 622 shares during the quarter. Apple makes up 1.6% of Capital CS Group LLC’s holdings, making the stock its 12th biggest holding. Capital CS Group LLC’s holdings in Apple were worth $997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Ryan Investment Management Inc. acquired a new stake in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. Conquis Financial LLC bought a new stake in Apple during the fourth quarter valued at $63,000. LSV Asset Management acquired a new stake in Apple during the 4th quarter worth about $65,000. Finally, Elite Financial Inc. bought a new position in shares of Apple in the 1st quarter worth about $58,000. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.7%

NASDAQ:AAPL opened at $257.13 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a market cap of $3.82 trillion, a PE ratio of 39.02, a PEG ratio of 2.48 and a beta of 1.09. The firm has a 50-day moving average of $232.20 and a 200-day moving average of $214.38.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction 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 trade represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AAPL. Melius Research set a $290.00 target price on Apple and gave the company a “buy” rating in a research report on Wednesday, September 10th. Monness Crespi & Hardt boosted their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Barclays raised their price objective on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Wednesday, September 10th. Finally, DA Davidson reissued a “neutral” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.51.

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.