Apple Inc. $AAPL Shares Acquired by Kinloch Capital LLC

Kinloch Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 50.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,127 shares of the iPhone maker’s stock after acquiring an additional 2,058 shares during the period. Kinloch Capital LLC’s holdings in Apple were worth $1,666,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AAPL. Waterford Advisors LLC grew its stake in shares of Apple by 1.6% during the fourth quarter. Waterford Advisors LLC now owns 8,475 shares of the iPhone maker’s stock worth $2,304,000 after purchasing an additional 132 shares in the last quarter. Professional Financial Solutions LLC ADV purchased a new stake in Apple during the 4th quarter worth about $1,661,000. Mcguire Capital Advisors Inc. purchased a new stake in Apple during the 4th quarter worth about $6,934,000. Hamilton Wealth LLC boosted its position in shares of Apple by 3.0% during the 4th quarter. Hamilton Wealth LLC now owns 120,087 shares of the iPhone maker’s stock worth $32,647,000 after acquiring an additional 3,486 shares in the last quarter. Finally, BFI Wealth Solutions LLC acquired a new position in shares of Apple during the 4th quarter worth about $317,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. TD Cowen raised their target price on Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Bank of America reaffirmed a “buy” rating and issued a $380.00 price target on shares of Apple in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $400.00 price target on shares of Apple in a research note on Friday, June 5th. Monness Crespi & Hardt raised their price objective on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of Apple in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $314.59.

Apple Stock Performance

NASDAQ AAPL opened at $298.01 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $4.38 trillion, a PE ratio of 36.04, a P/E/G ratio of 2.59 and a beta of 1.09. Apple Inc. has a one year low of $196.85 and a one year high of $317.40. The firm’s fifty day moving average is $289.73 and its two-hundred day moving average is $272.98.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is currently 13.06%.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,875 shares of company stock valued at $24,998,541 in the last quarter. 0.06% of the stock is currently owned by insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.