Apple Inc. $AAPL Shares Bought by Family Investment Center Inc.

Family Investment Center Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,736 shares of the iPhone maker’s stock after buying an additional 924 shares during the quarter. Apple comprises 0.4% of Family Investment Center Inc.’s portfolio, making the stock its 26th largest position. Family Investment Center Inc.’s holdings in Apple were worth $1,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Kingstone Capital Partners Texas LLC raised its stake in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares in the last quarter. Nuveen LLC bought a new position in shares of Apple during the first quarter valued at approximately $17,472,482,000. GAMMA Investing LLC grew its holdings in shares of Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after purchasing an additional 59,835,676 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Finally, Amundi grew its holdings in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after purchasing an additional 14,651,321 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. DA Davidson reaffirmed a “neutral” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 11th. Loop Capital lowered their target price on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and lowered their target price for the company from $205.82 to $205.16 in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Apple in a report on Saturday, September 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $247.49.

Apple Trading Up 0.3%

Apple stock opened at $258.02 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. The company has a market capitalization of $3.83 trillion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.50 and a beta of 1.09. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company’s fifty day moving average price is $233.09 and its two-hundred day moving average price is $214.69.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. 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 dividend payout ratio (DPR) is currently 15.78%.

About Apple

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.