Shares of Apple Inc. (NASDAQ:AAPL) acquired by LVZ Inc.

VaselineSeptember 27, 2024

0 4 minutes read

LVZ Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 21.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,892 shares of the iPhone maker’s stock after purchasing an additional 4,234 shares during the quarter. Apple accounts for about 0.7% of LVZ Inc.’s holdings, making the stock its 13th largest position. The holdings of LVZ Inc. holdings in Apple were worth $5,032,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc bought a new stake in shares of Apple in the 1st quarter worth $35,000. Fidelis Capital Partners LLC boosted its holdings in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the last quarter. AP Gilfoyle & Co. LP acquired a new position in Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Management Co. raised its holdings in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Apple in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 60.41% of the company’s shares.

Insiders place their bets

In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of the company worth $23,723,887 in the last three months. 0.06% of shares are currently held by corporate insiders.

Apple stock down 0.5%

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NASDAQ:AAPL opened at $227.52 on Friday. The stock has a 50-day simple moving average of $222.05 and a 200-day simple moving average of $201.39. Apple Inc. it has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a market cap of $3.49 trillion, a PE ratio of 35.38, a PEG ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91, and a current ratio of 0.95.

Apple (NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s quarterly revenue was up 4.9% year over year. During the same period last year, the business earned $1.26 EPS. On average, sell-side analysts expect that Apple Inc. to record 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12. This represents an annualized dividend of $1.00 and a yield of 0.44%. Apple’s payout ratio is currently 15.55%.

Changes in Analyst Ratings

AAPL has been the subject of several recent analyst reports. UBS Group boosted their target price on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Tuesday, September 10th. Maxim Group restated a “hold” rating and set a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Robert W. Baird upped their target price on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.76.

Get the latest stock analysis on AAPL

Apple Company Profile

(Free Report)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. The company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multifunction tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.