Apple Inc. $AAPL is Vanguard Personalized Indexing Management LLC’s 3rd Largest Position

Vanguard Personalized Indexing Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129,345 shares of the iPhone maker’s stock after purchasing an additional 218,035 shares during the quarter. Apple comprises approximately 4.9% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 3rd biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Apple were worth $437,030,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AAPL. Salus Financial Advisors LLC lifted its stake in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Red Tortoise LLC lifted its position in Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 49 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in Apple by 2.8% in the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after buying an additional 50 shares in the last quarter. Shariaportfolio Inc. boosted its stake in Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after buying an additional 50 shares in the last quarter. Finally, Sharpepoint LLC raised its stake in shares of Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on 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 owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction on 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 owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 224,300 shares of company stock worth $57,586,933. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAPL shares. Citigroup reaffirmed a “buy” rating and issued a $315.00 price objective (up previously from $245.00) on shares of Apple in a research note on Friday, October 31st. Bank of America raised their price objective on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Evercore ISI boosted their target price on Apple from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Melius Research set a $345.00 price target on Apple in a research report on Friday, October 31st. Finally, DA Davidson lifted their price target on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Three 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 company’s stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $278.22.

Apple Trading Down 0.5%

NASDAQ AAPL opened at $268.47 on Friday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32. The firm has a market capitalization of $3.97 trillion, a PE ratio of 40.74, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average is $252.25 and its 200 day moving average is $224.71.

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

Apple Dividend Announcement

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