DiNuzzo Private Wealth Inc. Raises Stock Holdings in Apple Inc. (NASDAQ:AAPL)

DiNuzzo Private Wealth Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,264 shares of the iPhone maker’s stock after purchasing an additional 230 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Apple were worth $898,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC lifted its position in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple in the 4th quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. boosted its stake in shares of Apple by 657.1% in the fourth 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 last quarter. Clarity Asset Management Inc. acquired a new stake in Apple during the fourth quarter worth about $85,000. Finally, Clear Street Markets LLC grew its holdings in Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 83,965 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’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 owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AAPL shares. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Thursday, September 19th. Piper Sandler Companies restated a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Tigress Financial upped their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group raised their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, TD Cowen upped their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Stock Performance

NASDAQ AAPL opened at $229.54 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock’s fifty day moving average is $223.10 and its two-hundred day moving average is $204.97. The firm has a market capitalization of $3.52 trillion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is presently 15.55%.

Apple 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.