Apple Inc. (NASDAQ:AAPL) Position Boosted by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. grew its position in Apple Inc. (NASDAQ:AAPL) by 42.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436,198 shares of the iPhone maker’s stock after acquiring an additional 129,827 shares during the quarter. Apple makes up approximately 1.0% of Van Lanschot Kempen Investment Management N.V.’s holdings, making the stock its 25th largest position. Van Lanschot Kempen Investment Management N.V.’s holdings in Apple were worth $91,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AAPL. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple in the 1st quarter worth about $35,000. Fidelis Capital Partners LLC lifted its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Apple by 657.1% in 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 in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in shares of Apple in the 4th quarter worth $85,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 5,178 shares of Apple 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 directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on 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 sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, 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. Over the last ninety days, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Monness Crespi & Hardt restated a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Finally, Raymond James lifted their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $238.76.

Apple Stock Up 0.5 %

Shares of AAPL stock opened at $227.52 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The stock has a market cap of $3.49 trillion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 2.66 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 stock has a fifty day moving average price of $222.05 and a 200 day moving average price of $201.39.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. Analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

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