Westover Capital Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,106 shares of the iPhone maker’s stock after acquiring an additional 1,636 shares during the quarter. Apple makes up 5.9% of Westover Capital Advisors LLC’s portfolio, making the stock its biggest holding. Westover Capital Advisors LLC’s holdings in Apple were worth $18,504,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Apple in the second quarter valued at approximately $27,000. Milestone Resources Group Ltd grew its stake in Apple by 57.7% in the 2nd quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock worth $30,000 after acquiring an additional 79 shares during the period. Pinz Capital Management LP acquired a new position in Apple in the 1st quarter valued at $72,000. Kessler Investment Group LLC lifted its stake in shares of Apple by 585.7% during the 2nd quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock worth $79,000 after purchasing an additional 492 shares during the period. Finally, Geo Capital Gestora de Recursos Ltd lifted its stake in shares of Apple by 135.6% during the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock worth $80,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 56.38% of the company’s stock.
Shares of Apple stock opened at $146.06 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. Apple Inc. has a 1-year low of $103.10 and a 1-year high of $157.26. The business has a 50-day moving average of $148.54 and a 200-day moving average of $135.45. The company has a market capitalization of $2.41 trillion, a PE ratio of 28.58, a P/E/G ratio of 2.10 and a beta of 1.20.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. Apple’s dividend payout ratio (DPR) is presently 26.83%.
In other news, SVP Katherine L. Adams sold 17,000 shares of Apple stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $145.89, for a total value of $2,480,130.00. Following the completion of the transaction, the senior vice president now owns 324,164 shares in the company, valued at approximately $47,292,285.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 2,386,440 shares of the company’s stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total value of $354,577,255.20. The disclosure for this sale can be found here. Insiders sold 2,418,317 shares of company stock worth $359,229,278 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on AAPL shares. Robert W. Baird upgraded Apple to an “outperform” rating and upped their target price for the company from $160.00 to $170.00 in a research note on Wednesday, September 8th. DZ Bank reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, August 10th. Cowen reiterated an “outperform” rating and set a $180.00 price objective on shares of Apple in a report on Wednesday. Morgan Stanley boosted their target price on shares of Apple from $166.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Apple from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, Apple presently has an average rating of “Buy” and a consensus price target of $161.68.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
Further Reading: Institutional Investors
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.