Lakeside Advisors INC. Has $2.29 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Lakeside Advisors INC. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,871 shares of the iPhone maker’s stock after selling 834 shares during the quarter. Apple accounts for 1.5% of Lakeside Advisors INC.’s holdings, making the stock its 16th biggest position. Lakeside Advisors INC.’s holdings in Apple were worth $2,290,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple in the 1st quarter valued at approximately $35,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple in the 4th quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. raised its stake in 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 valued at $82,000 after acquiring an additional 368 shares during the period. Clarity Asset Management Inc. bought a new stake in Apple in the 4th quarter valued at $85,000. Finally, Clear Street Markets LLC raised its stake in Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after acquiring an additional 83,965 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Sanford C. Bernstein increased their price target on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 price objective (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. Finally, Wedbush reiterated an “outperform” rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.27.

Apple Stock Performance

Shares of AAPL stock opened at $225.77 on Wednesday. The business’s 50-day moving average price is $222.96 and its 200-day moving average price is $204.59. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The firm has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.66 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Insider Buying and Selling

In related news, 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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 over the last ninety days. 0.06% of the stock is owned by company 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.