111 Capital Grows Position in Apple Inc. $AAPL

111 Capital increased its stake in Apple Inc. (NASDAQ:AAPL) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,538 shares of the iPhone maker’s stock after purchasing an additional 5,867 shares during the period. Apple accounts for about 3.1% of 111 Capital’s portfolio, making the stock its 4th largest position. 111 Capital’s holdings in Apple were worth $17,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new stake in Apple in the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new stake in Apple in the 1st quarter worth approximately $58,000. LSV Asset Management acquired a new stake in Apple in the 4th quarter worth approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in Apple in the 1st quarter worth approximately $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

NASDAQ:AAPL opened at $262.82 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $265.29. The firm has a market cap of $3.90 trillion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09. The company has a 50 day moving average price of $244.15 and a 200-day moving average price of $219.51. 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 (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) 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 business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AAPL shares. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research note on Thursday, September 11th. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Thursday, September 4th. Wells Fargo & Company lifted their price objective on shares of Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group restated a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.47.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock worth $65,358,981 over the last three months. 0.06% of the stock is owned by corporate insiders.

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.