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

PYA Waltman Capital LLC increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 35.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,813 shares of the iPhone maker's stock after acquiring an additional 2,827 shares during the quarter. PYA Waltman Capital LLC's holdings in Apple were worth $2,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. International Assets Investment Management LLC increased its holdings in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. State Street Corp boosted its stake in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC boosted its stake in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Strategic Financial Concepts LLC boosted its stake in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after purchasing an additional 7,558,826 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AAPL. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. UBS Group restated a "neutral" rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. Finally, Monness Crespi & Hardt increased their target price on Apple to $245.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $242.52.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Apple Trading Up 1.3 %

AAPL stock traded up $3.07 during midday trading on Friday, reaching $244.60. The company's stock had a trading volume of 40,828,061 shares, compared to its average volume of 58,424,872. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a fifty day simple moving average of $240.70 and a two-hundred day simple moving average of $231.59. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple's dividend payout ratio is currently 15.87%.

About Apple

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.