Apple Inc. (NASDAQ:AAPL) Shares Bought by Gruss & Co. LLC

Gruss & Co. LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 57.7% during the second quarter, HoldingsChannel.com reports. The firm owned 8,200 shares of the iPhone maker’s stock after purchasing an additional 3,000 shares during the period. Apple makes up approximately 9.4% of Gruss & Co. LLC’s holdings, making the stock its 5th largest holding. Gruss & Co. LLC’s holdings in Apple were worth $1,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vest Financial LLC lifted its holdings in Apple by 2.9% during the second quarter. Vest Financial LLC now owns 131,945 shares of the iPhone maker’s stock valued at $27,790,000 after purchasing an additional 3,670 shares in the last quarter. Lansing Street Advisors raised its position in shares of Apple by 120.2% during the 2nd quarter. Lansing Street Advisors now owns 13,388 shares of the iPhone maker’s stock worth $2,820,000 after purchasing an additional 7,308 shares during the last quarter. Nelson Capital Management LLC lifted its stake in Apple by 7.1% in the 2nd quarter. Nelson Capital Management LLC now owns 97,003 shares of the iPhone maker’s stock valued at $20,431,000 after buying an additional 6,460 shares in the last quarter. Vanguard Capital Wealth Advisors boosted its holdings in Apple by 1.9% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 60,477 shares of the iPhone maker’s stock worth $12,738,000 after buying an additional 1,132 shares during the last quarter. Finally, Wealthgarden F.S. LLC purchased a new stake in Apple during the 2nd quarter worth approximately $1,807,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 1.5 %

AAPL opened at $230.10 on Thursday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $227.23 and a 200-day simple moving average of $211.59. The firm has a market cap of $3.53 trillion, a P/E ratio of 35.79, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. On average, equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Barclays reaffirmed an “underweight” rating and set a $186.00 target price on shares of Apple in a research note on Tuesday, October 1st. TD Cowen increased their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and raised their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by corporate insiders.

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.