Apple Inc. (NASDAQ:AAPL) Shares Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC grew its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,882 shares of the iPhone maker’s stock after buying an additional 9,370 shares during the period. Apple accounts for about 2.7% of Kesler Norman & Wride LLC’s holdings, making the stock its 2nd biggest holding. Kesler Norman & Wride LLC’s holdings in Apple were worth $9,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. IFM Investors Pty Ltd increased its stake in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Columbus Macro LLC boosted its position in shares of Apple by 9.9% during the 1st quarter. Columbus Macro LLC now owns 7,006 shares of the iPhone maker’s stock valued at $1,223,000 after purchasing an additional 633 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Apple by 6.5% during the 1st quarter. Ieq Capital LLC now owns 1,186,250 shares of the iPhone maker’s stock valued at $207,131,000 after purchasing an additional 72,494 shares in the last quarter. Finally, Optas LLC boosted its position in shares of Apple by 2.2% during the 1st quarter. Optas LLC now owns 59,726 shares of the iPhone maker’s stock valued at $10,429,000 after purchasing an additional 1,285 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their target price on Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Monday, November 7th. Morgan Stanley cut their target price on Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Bank of America cut their price target on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price target on shares of Apple in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. Insiders sold 380,851 shares of company stock valued at $56,707,789 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

Shares of AAPL opened at $151.07 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average of $146.70 and a 200 day moving average of $149.66. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.89 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period last year, the business posted $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

About Apple

(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.

Featured Stories

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.