Investors Asset Management of Georgia Inc. GA ADV Acquires 275 Shares of Apple Inc. $AAPL

Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,604 shares of the iPhone maker’s stock after buying an additional 275 shares during the period. Apple comprises 1.6% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 12th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Apple were worth $3,407,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its holdings in Apple by 573,627.2% during the 2nd 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 purchasing an additional 205,656,808 shares during the last quarter. Nuveen LLC purchased a new stake in Apple in the 1st quarter valued at about $17,472,482,000. Northern Trust Corp boosted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. Amundi boosted its position in Apple by 27.4% in the 1st quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after buying an additional 14,651,321 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after buying an additional 13,137,968 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley set a $298.00 price objective on shares of Apple and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Bank of America boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 25th. Barclays upped their price target 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. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Apple in a research report on Thursday, September 11th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $253.76.

Apple Trading Up 0.1%

Shares of Apple stock opened at $269.00 on Wednesday. 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 firm has a fifty day moving average price of $245.68 and a 200 day moving average price of $220.69. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $269.89. The stock has a market cap of $3.99 trillion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released 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. The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 259,121 shares of company stock valued at $65,358,981. 0.06% of the stock is currently owned by company 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.