Apple Inc. (NASDAQ:AAPL) Shares Purchased by Lourd Capital LLC

Lourd Capital LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,577 shares of the iPhone maker’s stock after buying an additional 1,011 shares during the period. Apple makes up about 0.5% of Lourd Capital LLC’s holdings, making the stock its 11th largest holding. Lourd Capital LLC’s holdings in Apple were worth $5,854,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CX Institutional lifted its holdings in shares of Apple by 483.2% in the fourth quarter. CX Institutional now owns 8,724 shares of the iPhone maker’s stock valued at $1,376,000 after purchasing an additional 7,228 shares in the last quarter. Sanders Morris Harris LLC boosted its holdings in shares of Apple by 2.1% in the fourth quarter. Sanders Morris Harris LLC now owns 14,052 shares of the iPhone maker’s stock worth $2,216,000 after acquiring an additional 291 shares during the period. Beech Hill Advisors Inc. boosted its holdings in shares of Apple by 1.1% in the fourth quarter. Beech Hill Advisors Inc. now owns 54,768 shares of the iPhone maker’s stock worth $8,639,000 after acquiring an additional 595 shares during the period. Columbus Macro LLC boosted its holdings in shares of Apple by 2.6% in the fourth quarter. Columbus Macro LLC now owns 37,685 shares of the iPhone maker’s stock worth $5,944,000 after acquiring an additional 946 shares during the period. Finally, Stony Point Wealth Management Inc. boosted its holdings in shares of Apple by 16.2% in the fourth quarter. Stony Point Wealth Management Inc. now owns 10,289 shares of the iPhone maker’s stock worth $1,623,000 after acquiring an additional 1,436 shares during the period. 59.67% of the stock is owned by institutional investors.

AAPL stock opened at $201.74 on Friday. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The business’s 50 day moving average price is $203.69 and its two-hundred day moving average price is $191.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The company has a market capitalization of $944.37 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. During the same quarter in the prior year, the business earned $2.34 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 11.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.53%. Apple’s dividend payout ratio is currently 25.86%.

Apple announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 30th that authorizes the company to buyback $75.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

A number of research firms have recently commented on AAPL. JPMorgan Chase & Co. raised their price target on Apple from $239.00 to $243.00 in a report on Wednesday, July 31st. Jefferies Financial Group raised their price target on Apple from $160.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. ValuEngine lowered Apple from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Piper Jaffray Companies lifted their price objective on Apple from $230.00 to $243.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, BTIG Research lifted their price objective on Apple to $234.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Hold” and a consensus target price of $216.11.

In other news, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the completion of the sale, the director now directly owns 1,150,783 shares in the company, valued at $246,290,577.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,376 shares of company stock worth $8,226,574. Insiders own 0.05% of the company’s stock.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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