Apple Inc. (NASDAQ:AAPL) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 29.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,537 shares of the iPhone maker’s stock after purchasing an additional 9,572 shares during the quarter. Apple accounts for approximately 2.8% of Copperwynd Financial LLC’s portfolio, making the stock its 12th biggest position. Copperwynd Financial LLC’s holdings in Apple were worth $9,225,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Granite Investment Partners LLC lifted its holdings in Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after buying an additional 7,606 shares in the last quarter. Bellwether Advisors LLC raised its stake in shares of Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after acquiring an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC purchased a new position in Apple in the second quarter valued at $876,000. Independent Advisor Alliance grew its stake in Apple by 0.9% during the 2nd quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock worth $193,926,000 after purchasing an additional 8,028 shares in the last quarter. Finally, WT Asset Management Ltd purchased a new stake in Apple during the 2nd quarter worth about $80,057,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAPL shares. Citigroup lifted their price objective on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. UBS Group raised their target price on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday. Raymond James raised their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Wedbush reiterated an “outperform” rating and set a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Apple Stock Performance

NASDAQ:AAPL opened at $228.22 on Friday. The firm’s fifty day simple moving average is $226.84 and its 200 day simple moving average is $215.52. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,040 shares of company stock worth $91,062,512 in the last 90 days. 0.06% of the stock is currently 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.