Uncommon Cents Investing LLC Has $2.17 Million Position in Apple Inc. $AAPL

Uncommon Cents Investing LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,562 shares of the iPhone maker’s stock after buying an additional 290 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Apple were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ryan Investment Management Inc. bought a new position in shares of Apple in the second quarter worth $31,000. ROSS JOHNSON & Associates LLC grew its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Elite Financial Inc. bought a new position in Apple in the 1st quarter valued at about $58,000. LSV Asset Management acquired a new position in shares of Apple in the 4th quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC bought a new stake in shares of Apple during the 1st quarter worth approximately $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In other news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was 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 in the company, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,922 shares of company stock valued at $64,320,190. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $247.66 on Tuesday. The stock has a 50-day moving average price of $238.50 and a two-hundred day moving average price of $216.04. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a market capitalization of $3.68 trillion, a PE ratio of 37.58, a P/E/G ratio of 2.39 and a beta of 1.09. 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 (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 the consensus estimate of $1.43 by $0.14. The company 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 firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAPL. Loop Capital decreased their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Bank of America raised their target price on Apple from $260.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Evercore ISI set a $290.00 price target on Apple and gave the stock an “outperform” rating in a report on Friday, September 26th. Monness Crespi & Hardt raised their price objective on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a research report on Thursday, September 11th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $248.29.

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.