BCM Advisors LLC Buys 251 Shares of Apple Inc. $AAPL

BCM Advisors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,860 shares of the iPhone maker’s stock after acquiring an additional 251 shares during the period. BCM Advisors LLC’s holdings in Apple were worth $1,872,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AAPL. Ryan Investment Management Inc. bought a new stake in Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC grew its position in shares of 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 purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC raised its stake in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after purchasing an additional 200 shares during the period. Elite Financial Inc. purchased a new position in Apple in the 1st quarter worth approximately $58,000. Finally, LSV Asset Management purchased a new position in Apple in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 228,052 shares of company stock valued at $58,604,588. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AAPL shares. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up previously from $245.00) on shares of Apple in a research report on Friday, October 31st. UBS Group raised their target price on shares of Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company set a $300.00 price target on shares of Apple and gave the stock an “overweight” rating in a research note on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Finally, Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

Apple Stock Up 2.0%

Shares of NASDAQ:AAPL opened at $271.49 on Friday. The company has a market cap of $4.01 trillion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $259.49 and a 200 day moving average price of $229.13.

Apple (NASDAQ:AAPL) last issued 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 the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid 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, November 10th. Apple’s payout ratio is presently 13.92%.

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.