Apple Inc. (NASDAQ:AAPL) Shares Bought by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.8% during the second quarter, HoldingsChannel.com reports. The fund owned 7,067 shares of the iPhone maker’s stock after acquiring an additional 122 shares during the period. Terra Nova Asset Management LLC’s holdings in Apple were worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Vanguard Group Inc. grew its position in Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after purchasing an additional 18,067,216 shares in the last quarter. Norges Bank bought a new position in shares of Apple in the fourth quarter valued at approximately $33,912,466,000. Wellington Management Group LLP boosted its stake in shares of Apple by 3.6% in the fourth quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock valued at $11,677,190,000 after acquiring an additional 2,096,360 shares during the period. Fisher Asset Management LLC boosted its holdings in Apple by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock worth $10,531,834,000 after purchasing an additional 1,067,587 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Apple by 7.1% in the first quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after purchasing an additional 2,474,887 shares in the last quarter. 60.41% of the shares are currently held by institutional investors and hedge funds.

Insider activity at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction 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 in the company, valued at $5,223,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the business’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 sale, 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 available via this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock worth $23,723,887 in the last 90 days. 0.06% of shares are owned by corporate insiders.

Analyst upgrades and downgrades

AAPL has been the subject of several research analyst reports. Raymond James lifted their price target on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Piper Sandler Companies restated a “neutral” rating and set a $225.00 target price (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Maxim Group upped their target price on shares of Apple from $195.00 to $203.00 and gave the company a “hold” rating in a report on Friday, August 2nd. UBS Group lifted their price objective on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays cut their price target on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Apple has an average rating of “Moderate Buy” and a consensus price target of $238.62, according to MarketBeat .

See the latest stock report on Apple

Apple stock down 0.7%

AAPL opened at $220.82 on Friday. Apple Inc. it has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a market cap of $3.39 trillion, a P/E ratio of 34.34, a P/E/G ratio of 2.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95, and a quick ratio of 0.91. The company’s fifty day moving average price is $223.09 and its two hundred day moving average price is $197.26.

Apple (NASDAQ:AAPL – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for 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 revenue for the quarter was up 4.9% on a year-over-year basis. In the same quarter last year, the company posted earnings of $1.26 per share. On average, analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12. This represents an annualized dividend of $1.00 and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

About Apple

(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.

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