Voisard Asset Management Group Inc. Acquires 376 Shares of Apple Inc. (NASDAQ:AAPL)

Voisard Asset Management Group Inc. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,824 shares of the iPhone maker’s stock after purchasing an additional 376 shares during the quarter. Apple accounts for approximately 0.8% of Voisard Asset Management Group Inc.’s investment portfolio, making the stock its 13th largest holding. Voisard Asset Management Group Inc.’s holdings in Apple were worth $1,648,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Apple in the fourth quarter valued at about $33,912,466,000. Vanguard Group Inc. lifted its position in Apple by 1.4% during 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 acquiring an additional 18,067,216 shares during the last quarter. Swedbank AB purchased a new stake in shares of Apple during the 1st quarter valued at $3,026,492,000. Global Assets Advisory LLC boosted its holdings in Apple by 23,076.4% in the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock worth $1,584,512,000 after acquiring an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after acquiring an additional 7,067,379 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Down 0.7 %

AAPL opened at $220.82 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm 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. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The business has a fifty day simple moving average of $223.09 and a 200-day simple moving average of $197.26.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. On average, equities analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $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 ninety days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AAPL. Wedbush increased their price objective on shares of Apple from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. TD Cowen lifted their price objective on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Barclays cut their target price on Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Cfra lifted their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Piper Sandler Companies reissued a “neutral” rating and issued a $225.00 price objective (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.62.

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.