Apple Inc. (NASDAQ:AAPL) Shares Purchased by Elkhorn Partners Limited Partnership

Elkhorn Partners Limited Partnership grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,455 shares of the iPhone maker’s stock after purchasing an additional 100 shares during the period. Apple comprises about 2.0% of Elkhorn Partners Limited Partnership’s investment portfolio, making the stock its 6th biggest position. Elkhorn Partners Limited Partnership’s holdings in Apple were worth $2,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Apple by 11.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,566,922 shares of the iPhone maker’s stock worth $328,385,000 after acquiring an additional 154,791 shares during the period. Tredje AP fonden raised its stake in shares of Apple by 5.0% in the second quarter. Tredje AP fonden now owns 2,793,425 shares of the iPhone maker’s stock valued at $588,351,000 after purchasing an additional 134,100 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Apple by 3.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 502,086 shares of the iPhone maker’s stock worth $105,749,000 after buying an additional 17,645 shares in the last quarter. Argent Trust Co increased its holdings in Apple by 0.8% in the 2nd quarter. Argent Trust Co now owns 596,183 shares of the iPhone maker’s stock valued at $125,568,000 after buying an additional 4,780 shares during the period. Finally, Purus Wealth Management LLC increased its holdings in Apple by 3.3% in the 2nd quarter. Purus Wealth Management LLC now owns 50,462 shares of the iPhone maker’s stock valued at $10,628,000 after buying an additional 1,629 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.6 %

Shares of NASDAQ:AAPL opened at $223.45 on Wednesday. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.39 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company’s fifty day simple moving average is $226.98 and its 200 day simple moving average is $213.44.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the firm earned $1.46 EPS. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 7.45 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AAPL shares. Maxim Group upped their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Citigroup upped their price objective on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Moffett Nathanson began coverage on Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 target price for the company. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $235.51.

Insider Buying and Selling

In other news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 417,924 shares of company stock worth $94,142,399. 0.06% of the stock is owned by insiders.

Apple Company 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.