Apple Inc. $AAPL Shares Purchased by West Oak Capital LLC

West Oak Capital LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,502 shares of the iPhone maker’s stock after purchasing an additional 565 shares during the period. Apple accounts for approximately 2.3% of West Oak Capital LLC’s investment portfolio, making the stock its 7th biggest position. West Oak Capital LLC’s holdings in Apple were worth $5,848,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Seek First Inc. grew its stake in Apple by 3.7% during the 2nd quarter. Seek First Inc. now owns 121,726 shares of the iPhone maker’s stock valued at $24,975,000 after acquiring an additional 4,383 shares in the last quarter. Crew Capital Management Ltd. grew its stake in Apple by 7.2% during the 2nd quarter. Crew Capital Management Ltd. now owns 29,399 shares of the iPhone maker’s stock valued at $6,032,000 after acquiring an additional 1,976 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in Apple by 12.1% during the 2nd quarter. CHICAGO TRUST Co NA now owns 164,087 shares of the iPhone maker’s stock valued at $33,666,000 after acquiring an additional 17,758 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in Apple by 2.7% during the 2nd quarter. Opal Wealth Advisors LLC now owns 59,407 shares of the iPhone maker’s stock valued at $12,188,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Argentarii LLC grew its stake in Apple by 0.4% during the 2nd quarter. Argentarii LLC now owns 60,429 shares of the iPhone maker’s stock valued at $12,398,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Barclays upped their price objective on shares of Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 25th. Morgan Stanley set a $298.00 price objective on shares of Apple and gave the company an “overweight” rating in a research note on Thursday. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Finally, Monness Crespi & Hardt increased their price target on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $247.49.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 254,922 shares of company stock valued at $64,320,190. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $258.02 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 52 week low of $169.21 and a 52 week high of $260.10. The stock has a market capitalization of $3.83 trillion, a PE ratio of 39.15, a P/E/G ratio of 2.49 and a beta of 1.09. The firm has a 50 day moving average of $233.09 and a two-hundred day moving average of $214.69.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $88.64 billion. During the same quarter last year, the company posted $1.40 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal 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 given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio 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.