Viewpoint Capital Management Boosts Apple Holdings

Viewpoint Capital Management LLC has recently increased its investment in Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, as revealed in the latest Form 13F filing with the Securities and Exchange Commission. The firm now holds a total of 14,788 shares of Apple after purchasing an additional 57 shares in this period. Apple constitutes about 1.9% of Viewpoint Capital Management's entire investment portfolio, making it their 14th largest holding. At the end of the latest reporting period, these shares were valued at $3,115,000.

In addition to Viewpoint, several other institutional investors and hedge funds have also adjusted their positions in Apple recently. Yeomans Consulting Group Inc. entered a new position in Apple in the fourth quarter, valued at approximately $1,713,000. Raleigh Capital Management Inc. increased its stake in the company by 11.8%, resulting in ownership of 15,511 shares valued at about $2,986,000 after acquiring 1,643 additional shares. Furthermore, GLOBALT Investments LLC added a significant new stake worth around $38,406,000, while Sunpointe LLC and Golden Road Advisors LLC also invested new amounts into Apple, valued at $4,782,000 and $1,575,000 respectively. Currently, institutional investors and hedge funds possess about 60.41% of Apple’s stocks.

Insights from Wall Street Analysts

Recent comments from analysts show a mix of opinions on Apple’s stock. KeyCorp has maintained a “hold” rating and set a price target of $247.61 for the shares, as published in a report on August 28. In contrast, Sanford C. Bernstein raised their target price from $195.00 to $240.00, labeling the stock as “outperform” in a report dated June 21. Moffett Nathanson started coverage with a “neutral” recommendation and a price target of $211.00 in mid-August, while Needham & Company LLC expressed a “buy” rating with a price target of $260.00 in mid-September. Another positive view came from Monness Crespi & Hardt, which reiterated a “buy” rating and set a target of $245.00 for Apple. Of the analysts evaluating Apple, one has issued a sell rating, thirteen maintain a hold rating, twenty-two recommend buying the stock, and one has given it a strong buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.27.

View Our Latest Stock Report on AAPL

Apple’s Recent Stock Performance

Apple’s stock opened at $227.55 recently, showing a slight decline of 0.7%. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95, and a quick ratio of 0.91. The stock has fluctuated between a one-year low of $164.07 and a high of $237.23 during this period. Apple’s market capitalization currently stands at an impressive $3.49 trillion, with a price-to-earnings (PE) ratio of 35.39, a price-to-earnings-to-growth (PEG) ratio of 2.40, and a beta of 1.24. Its fifty-day moving average is $223.62, while the 200-day moving average is $205.70.

In the latest earnings report released on August 1, Apple reported earnings of $1.40 per share, surpassing analysts’ forecasts of $1.34 by $0.06. The company achieved a return on equity of 147.15% and maintained a net margin of 26.44%. Apple generated $85.78 billion in revenue for the quarter, which was higher than the consensus estimate of $84.43 billion and reflected a year-over-year increase of 4.9% from the previous year's revenue.

Apple Announces Quarterly Dividend

Recently, Apple also declared a quarterly dividend, which was distributed on August 15. Shareholders on record as of August 12 received a dividend payment of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 0.44%. The ex-dividend date occurred on August 12, and Apple’s current dividend payout ratio (DPR) stands at 15.55%.

Insider Transactions at Apple

In recent insider trading news, Senior Vice President Katherine L. Adams sold 100,000 shares of Apple stock on August 5 at an average price of $206.44 per share, totaling approximately $20,644,000. Following this transaction, Adams retained ownership of 191,543 shares valued at around $39.54 million. This sale did not significantly change her position. Additionally, insider Chris Kondo sold 5,178 shares on August 9 for an average price of $216.50, amounting to approximately $1,121,037. After the sale, Kondo holds direct ownership of 24,125 shares worth about $5.22 million. In total, insiders have sold 517,924 shares worth $114.79 million over the last three months, and currently, insiders own about 0.06% of Apple's shares.

Overview of Apple Inc.

(Free Report) Apple Inc. is a global leader in designing, manufacturing, and marketing a wide variety of consumer electronics, including smartphones, personal computers, tablets, wearables, and accessories. Its product offerings encompass the iPhone line of smartphones, the Mac range of personal computers, the iPad family of multi-purpose tablets, and various wearables, home products, and accessories such as AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Investment, Apple, Shares