Rogco LP Has $4.41 Million Stock Holdings in Apple Inc. $AAPL

Rogco LP cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,471 shares of the iPhone maker’s stock after selling 342 shares during the quarter. Apple makes up 1.7% of Rogco LP’s portfolio, making the stock its 13th largest position. Rogco LP’s holdings in Apple were worth $4,405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ryan Investment Management Inc. acquired a new stake in shares of Apple in the second quarter valued at $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management bought a new position in Apple in the fourth quarter valued at about $65,000. Elite Financial Inc. bought a new position in Apple in the first quarter valued at about $58,000. Finally, HFM Investment Advisors LLC bought a new position in Apple in the first quarter valued at about $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price target (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Sanford C. Bernstein assumed coverage on Apple in a report on Monday, September 15th. They set an “outperform” rating and a $290.00 target price on the stock. Bank of America raised their target price on Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Wedbush set a $310.00 target price on Apple and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, Monness Crespi & Hardt raised their target price on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $248.29.

Apple Trading Up 2.0%

NASDAQ:AAPL opened at $252.29 on Monday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.74 trillion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The business’s 50-day simple moving average is $241.13 and its 200-day simple moving average is $216.91.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the previous year, the business posted $1.40 EPS. Apple’s revenue for the quarter was up 9.6% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s payout ratio is 15.78%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,121 shares of company stock worth $65,358,981. Company insiders own 0.06% of the company’s stock.

Apple Company 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.