EWG Elevate Inc. Purchases 90 Shares of Apple Inc. (NASDAQ:AAPL)

EWG Elevate Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,477 shares of the iPhone maker’s stock after acquiring an additional 90 shares during the quarter. EWG Elevate Inc.’s holdings in Apple were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd lifted its stake in Apple by 145.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 643,206 shares of the iPhone maker’s stock valued at $114,214,000 after buying an additional 381,507 shares in the last quarter. B. Riley Wealth Management Inc. lifted its stake in Apple by 2.3% in the fourth quarter. B. Riley Wealth Management Inc. now owns 366,388 shares of the iPhone maker’s stock valued at $63,470,000 after buying an additional 8,166 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Apple by 1.9% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,307,032 shares of the iPhone maker’s stock valued at $1,302,113,000 after buying an additional 133,277 shares in the last quarter. Vicus Capital bought a new position in Apple in the fourth quarter valued at approximately $17,149,000. Finally, WINTON GROUP Ltd bought a new position in Apple in the fourth quarter valued at approximately $5,380,000. Institutional investors own 57.72% of the company’s stock.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Down 2.0 %

AAPL stock opened at $153.72 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The company’s 50-day simple moving average is $160.23 and its 200 day simple moving average is $155.88. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a market capitalization of $2.47 trillion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same period in the prior year, the company posted $1.30 earnings per share. Apple’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Analyst Ratings Changes

A number of research analysts have weighed in on AAPL shares. set a $175.00 price target on shares of Apple in a research note on Friday, July 29th. Fundamental Research set a $177.07 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Thursday, August 4th. KeyCorp boosted their price objective on shares of Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Itaú Unibanco initiated coverage on shares of Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.68.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.