Well Done LLC Buys 177 Shares of Apple Inc. (NASDAQ:AAPL)

Well Done LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,168 shares of the iPhone maker’s stock after purchasing an additional 177 shares during the quarter. Apple makes up approximately 1.3% of Well Done LLC’s holdings, making the stock its 16th biggest holding. Well Done LLC’s holdings in Apple were worth $6,143,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Christopher J. Hasenberg Inc acquired a new stake in Apple during the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC raised its holdings in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in Apple during the 4th quarter worth approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Tigress Financial raised their target price on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup restated a “buy” rating and set a $255.00 target price on shares of Apple in a report on Tuesday, August 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Piper Sandler Companies reiterated 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $239.17.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated 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 directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by company insiders.

Apple Trading Down 2.8 %

AAPL stock opened at $216.32 on Tuesday. The company has a fifty day moving average price of $222.91 and a two-hundred day moving average price of $199.00. The stock has a market cap of $3.32 trillion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is presently 15.55%.

About Apple

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.