Apple Inc. $AAPL Shares Purchased by West Michigan Advisors LLC

West Michigan Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,145 shares of the iPhone maker’s stock after purchasing an additional 2,331 shares during the quarter. Apple comprises approximately 2.7% of West Michigan Advisors LLC’s portfolio, making the stock its 5th largest holding. West Michigan Advisors LLC’s holdings in Apple were worth $9,468,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Blue Sky Capital Consultants Group Inc. grew its holdings in shares of Apple by 3.7% during the second quarter. Blue Sky Capital Consultants Group Inc. now owns 34,040 shares of the iPhone maker’s stock worth $6,984,000 after buying an additional 1,227 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its position in Apple by 9.5% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 80,526 shares of the iPhone maker’s stock worth $16,522,000 after acquiring an additional 6,980 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in shares of Apple by 10.6% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,220 shares of the iPhone maker’s stock valued at $3,943,000 after purchasing an additional 1,840 shares during the period. Trademark Financial Management LLC raised its stake in shares of Apple by 43.2% during the second quarter. Trademark Financial Management LLC now owns 2,601 shares of the iPhone maker’s stock worth $534,000 after purchasing an additional 785 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Apple by 6,850,100.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 68,502 shares of the iPhone maker’s stock valued at $14,055,000 after buying an additional 68,501 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 1.6%

Shares of Apple stock opened at $275.92 on Tuesday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The stock has a market cap of $4.08 trillion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a 50-day moving average of $260.27 and a two-hundred day moving average of $229.92.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid 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%.

Insider Activity

In related news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock worth $58,604,588 in the last three months. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AAPL shares. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $315.00 in a research report on Monday, October 20th. Melius Research set a $345.00 price objective on shares of Apple in a research report on Friday, October 31st. Wall Street Zen lowered Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Cowen reiterated a “buy” rating on shares of Apple in a research report on Monday, October 27th. Finally, Melius raised their price target on Apple from $290.00 to $345.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three research 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 company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price 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.