WINTON GROUP Ltd Invests $316,000 in Apple Inc. (NASDAQ:AAPL)

WINTON GROUP Ltd bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,501 shares of the iPhone maker’s stock, valued at approximately $316,000.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Tlwm lifted its position in shares of Apple by 15.3% during the first quarter. Tlwm now owns 15,708 shares of the iPhone maker’s stock worth $2,694,000 after purchasing an additional 2,083 shares in the last quarter. Thrive Wealth Management LLC increased its stake in Apple by 1.3% during the 1st quarter. Thrive Wealth Management LLC now owns 43,669 shares of the iPhone maker’s stock worth $7,488,000 after buying an additional 563 shares during the period. 180 Wealth Advisors LLC lifted its holdings in Apple by 1.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 107,285 shares of the iPhone maker’s stock worth $18,397,000 after buying an additional 1,803 shares in the last quarter. Stokes Capital Advisors LLC boosted its position in Apple by 4.0% in the 1st quarter. Stokes Capital Advisors LLC now owns 49,740 shares of the iPhone maker’s stock valued at $8,529,000 after buying an additional 1,896 shares during the last quarter. Finally, Hengehold Capital Management LLC grew its stake in shares of Apple by 2.7% during the first quarter. Hengehold Capital Management LLC now owns 25,630 shares of the iPhone maker’s stock valued at $4,395,000 after acquiring an additional 664 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. New Street Research reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research note on Friday, October 25th. Rosenblatt Securities lifted their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group increased their price objective on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.23.

Apple Stock Performance

Shares of AAPL opened at $222.91 on Friday. The firm has a market capitalization of $3.39 trillion, a PE ratio of 33.93, a P/E/G ratio of 2.45 and a beta of 1.24. 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 firm has a 50-day moving average price of $227.18 and a 200 day moving average price of $212.33. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.15. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 15.22%.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 517,924 shares of company stock valued at $114,786,399. Corporate insiders own 0.06% of the company’s stock.

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.