Carmel Capital Partners LLC Has $2.43 Million Stake in Apple Inc. $AAPL

Carmel Capital Partners LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,864 shares of the iPhone maker’s stock after purchasing an additional 1,070 shares during the period. Apple comprises approximately 0.9% of Carmel Capital Partners LLC’s portfolio, making the stock its 27th biggest position. Carmel Capital Partners LLC’s holdings in Apple were worth $2,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its stake 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 acquiring an additional 205,656,808 shares in the last quarter. Nuveen LLC bought a new stake in shares of Apple in the 1st quarter worth $17,472,482,000. Northern Trust Corp raised its holdings in shares of Apple by 13.3% in 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. Amundi lifted its position 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Apple by 14.3% during the fourth 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 worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the transaction, the insider directly owned 15,098 shares in the company, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 228,052 shares of company stock worth $58,604,588 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.2%

Shares of NASDAQ AAPL opened at $272.41 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 stock has a market capitalization of $4.03 trillion, a PE ratio of 41.34, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a one year low of $169.21 and a one year high of $277.32. The business’s fifty day moving average price is $255.92 and its 200-day moving average price is $226.95.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion for 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 firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio is presently 13.92%.

Analyst Ratings Changes

Several research firms have commented on AAPL. Phillip Securities lowered 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. JPMorgan Chase & Co. upped their target price on Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. CLSA upgraded Apple to a “strong-buy” rating in a report on Sunday, October 5th. HSBC set a $220.00 price objective on Apple and gave the company a “hold” rating in a research note on Monday, September 8th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $278.22.

Apple Company 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.