Apple Inc. $AAPL Shares Purchased by Family Capital Management Inc.

Family Capital Management Inc. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 21.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,985 shares of the iPhone maker’s stock after buying an additional 3,763 shares during the quarter. Apple makes up approximately 2.3% of Family Capital Management Inc.’s holdings, making the stock its 10th largest holding. Family Capital Management Inc.’s holdings in Apple were worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new position in Apple in the second quarter valued at $31,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC grew its holdings in shares of Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the period. Elite Financial Inc. purchased a new position in Apple in the first quarter valued at approximately $58,000. Finally, LSV Asset Management purchased a new stake in Apple during the fourth quarter worth approximately $65,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Wall Street Zen downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Bank of America boosted their price objective on Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Evercore ISI increased their target price on Apple from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. upped their price target on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevan Parekh sold 4,199 shares of Apple 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 transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 228,052 shares of company stock valued at $58,604,588 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Apple stock opened at $271.49 on Friday. Apple Inc. has a 52 week low of $169.21 and a 52 week 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 $4.01 trillion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The stock has a 50 day moving average of $259.49 and a 200-day moving average of $228.92.

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

Apple Announces Dividend

The company also recently declared 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 was Monday, November 10th. Apple’s dividend payout ratio (DPR) is 13.92%.

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.