Apple Inc. $AAPL Shares Bought by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 53,905 shares of the iPhone maker’s stock after buying an additional 2,255 shares during the period. Apple accounts for approximately 5.1% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 2nd largest position. St. Johns Investment Management Company LLC’s holdings in Apple were worth $11,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Baker Boyer National Bank grew its stake in shares of Apple by 0.3% during the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after buying an additional 47 shares during the period. Salus Financial Advisors LLC boosted its holdings in Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after acquiring an additional 49 shares during the last quarter. Red Tortoise LLC boosted its holdings in Apple by 0.9% in the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after acquiring an additional 49 shares during the last quarter. SigFig Wealth Management LLC grew its position in Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after acquiring an additional 50 shares during the period. Finally, Shariaportfolio Inc. increased its stake in Apple by 1.3% during the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after acquiring an additional 50 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 2.0%

AAPL opened at $271.49 on Friday. The firm has a market capitalization of $4.01 trillion, a P/E ratio of 41.20, a P/E/G ratio of 2.62 and a beta of 1.09. The firm’s 50 day moving average is $259.49 and its 200-day moving average is $228.92. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $277.32. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio is presently 13.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Loop Capital raised Apple from a “hold” rating to a “buy” rating and lifted their price objective for the company from $226.00 to $315.00 in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research report on Wednesday. TD Cowen lifted their price target on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Apple in a research note on Monday, October 27th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

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.