Second Line Capital LLC Buys 1,884 Shares of Apple Inc. $AAPL

Second Line Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,099 shares of the iPhone maker’s stock after acquiring an additional 1,884 shares during the quarter. Apple comprises approximately 1.3% of Second Line Capital LLC’s holdings, making the stock its 17th largest position. Second Line Capital LLC’s holdings in Apple were worth $5,560,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AAPL. 1248 Management LLC lifted its position in Apple by 25.4% during the 2nd quarter. 1248 Management LLC now owns 48,545 shares of the iPhone maker’s stock valued at $9,960,000 after purchasing an additional 9,836 shares during the period. Rexford Capital Inc. acquired a new position in shares of Apple in the 2nd quarter valued at $2,804,000. Goodman Advisory Group LLC raised its stake in Apple by 53.7% during the 2nd quarter. Goodman Advisory Group LLC now owns 35,815 shares of the iPhone maker’s stock worth $7,348,000 after buying an additional 12,506 shares during the period. FORA Capital LLC bought a new position in Apple during the second quarter worth about $16,046,000. Finally, Headlands Technologies LLC acquired a new position in Apple in the second quarter valued at about $5,102,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 228,052 shares of company stock worth $58,604,588 in the last three months. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, December 3rd. Morgan Stanley increased their price objective on shares of Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Barclays increased their target price on Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. DZ Bank upgraded Apple from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, November 4th. Finally, Tigress Financial boosted their target price on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $282.51.

Apple Trading Up 0.1%

NASDAQ AAPL opened at $278.28 on Friday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average of $268.24 and a 200-day moving average of $237.03. The company has a market cap of $4.11 trillion, a PE ratio of 37.25, a PEG ratio of 2.60 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

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.