Calamos Wealth Management LLC Has $140.39 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Calamos Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,570 shares of the iPhone maker’s stock after purchasing an additional 22,386 shares during the period. Apple accounts for about 7.5% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Calamos Wealth Management LLC’s holdings in Apple were worth $140,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple during the 1st quarter valued at $35,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the 4th quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. grew its position in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Apple in the fourth quarter worth $85,000. Finally, Clear Street Markets LLC increased its position in Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 83,965 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. Piper Sandler restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Tuesday, September 10th. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. Moffett Nathanson started coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Cfra lifted their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Melius Research reissued a “buy” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $238.76.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 over the last quarter. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of AAPL opened at $233.00 on Tuesday. The company has a market cap of $3.57 trillion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.66 and a beta of 1.24. The company’s fifty day simple moving average is $222.37 and its 200 day simple moving average is $202.80. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 EPS. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is presently 15.55%.

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.