Apple Inc. $AAPL is Shorepath Capital Management LLC’s 4th Largest Position

Shorepath Capital Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 45,125 shares of the iPhone maker’s stock after acquiring an additional 440 shares during the period. Apple accounts for 7.6% of Shorepath Capital Management LLC’s holdings, making the stock its 4th biggest holding. Shorepath Capital Management LLC’s holdings in Apple were worth $9,258,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AAPL. Kingstone Capital Partners Texas LLC raised its position in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Apple during the 1st quarter worth approximately $17,472,482,000. Northern Trust Corp increased its holdings in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Amundi lifted its stake in shares of Apple by 27.4% in the 1st quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after purchasing an additional 14,651,321 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after buying an additional 13,137,968 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $278.63 on Monday. The stock has a 50 day moving average of $263.27 and a two-hundred day moving average of $231.86. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $280.38. The firm has a market cap of $4.12 trillion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s payout ratio is 13.92%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Argus set a $325.00 target price on Apple and gave the company a “buy” rating in a research report on Friday, October 31st. UBS Group upped their price target on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Tigress Financial raised their price objective on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 17th. Finally, Wedbush restated an “outperform” rating on shares of Apple in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $278.22.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the sale, the insider owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is owned by company insiders.

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.