Apple Inc. $AAPL Position Raised by Dempze Nancy E

Dempze Nancy E raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,880 shares of the iPhone maker’s stock after purchasing an additional 532 shares during the period. Apple accounts for about 3.8% of Dempze Nancy E’s portfolio, making the stock its 3rd biggest position. Dempze Nancy E’s holdings in Apple were worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Avid Wealth Partners LLC increased its holdings in Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC increased its holdings in Apple by 0.4% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares during the period. American National Bank & Trust increased its holdings in Apple by 2.4% during the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the period. Andina Capital Management LLC boosted its position in Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after acquiring an additional 4,591 shares in the last quarter. Finally, Plum Street Advisors LLC boosted its position in Apple by 4.0% during the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after acquiring an additional 301 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 259,121 shares of company stock worth $65,358,981. 0.06% of the stock is owned by insiders.

Apple Stock Down 0.4%

Apple stock opened at $270.37 on Monday. 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 stock has a market capitalization of $4.01 trillion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32. The business has a fifty day moving average price of $248.34 and a 200-day moving average price of $222.34.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is currently 13.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. HSBC set a $220.00 target price on Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Monness Crespi & Hardt increased their target price on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Bank of America increased their target price on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their target price on Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen increased their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.39.

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.