Apple Inc. $AAPL Shares Bought by Lindenwold Advisors INC

Lindenwold Advisors INC grew its position in Apple Inc. (NASDAQ:AAPL) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,958 shares of the iPhone maker’s stock after purchasing an additional 773 shares during the period. Apple makes up 4.2% of Lindenwold Advisors INC’s holdings, making the stock its 4th largest position. Lindenwold Advisors INC’s holdings in Apple were worth $7,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Ryan Investment Management Inc. purchased a new stake in shares of Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC raised its holdings 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 during the last quarter. LSV Asset Management acquired a new position in Apple during the fourth quarter valued at $65,000. Elite Financial Inc. acquired a new position in Apple during the first quarter valued at $58,000. Finally, HFM Investment Advisors LLC purchased a new stake in Apple in the first quarter valued at $99,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In related 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 value of $33,375,798.03. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This trade represents a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 224,300 shares of company stock valued at $57,586,933. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.1%

Apple stock opened at $269.77 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 $4.00 trillion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The business has a 50 day simple moving average of $251.53 and a 200-day simple moving average of $224.02. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 firm had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. CLSA upgraded Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Rosenblatt Securities boosted their price target on Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research report on Wednesday, October 8th. Finally, Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a report on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

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.