Clear Investment Research LLC buys 205 shares of Apple Inc. (NASDAQ:AAPL)

Clear Investment Research LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.4% in the first quarter, according to its most recent SEC filing. The fund owned 14,777 shares of the iPhone maker after buying an additional 205 shares during the period. Apple makes up 3.4% of Clear Investment Research LLC’s investment portfolio, making the stock its 9th-largest holding. Clear Investment Research LLC’s holdings in Apple were worth $2,534,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc purchased a new stake in shares of Apple in the first quarter worth about $35,000. Fidelis Capital Partners LLC increased its position in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker worth $35,000 after purchasing an additional 31,278 shares during the period. AP Gilfoyle & Co. LP purchased a new position in Apple in the fourth quarter worth $39,000. Gilfoyle & Co LLC increased its stake in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, University of Texas Texas AM Investment Managment Co. its stake in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares in the last quarter. Institutional investors own 60.41% of the company’s shares.

Insider transactions at Apple

In related news, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction on Wednesday, May 15. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the sale, the insider now owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The transaction was disclosed in a filing with the SEC, available at this link. In related news, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the transaction, the insider now directly owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the sale, the Director now owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AAPL. Goldman Sachs Group raised their price target on shares of Apple from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and increased their price target on the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. JPMorgan Chase & Co. raised their price target on Apple from $245.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday. Melius Research raised their price target on Apple from $227.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group raised their price target on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Saturday, May 4th. One equities analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating, and one has given a strong buy rating to the company’s stock. The firm currently has a consensus rating of “Moderate Buy” and an average price target of $230.09, according to MarketBeat.

Get our latest research report on AAPL

Apple shares rise 0.2%

Shares of Apple opened at $217.96 on Friday. The company has a 50-day simple moving average of $210.84 and a 200-day simple moving average of $190.10. The stock has a market cap of $3.34 trillion, a price-to-earnings ratio of 33.90, a price-to-earnings growth ratio of 2.64 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23.

Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The company’s revenue for the quarter was down 4.3% compared to the year-ago quarter. In the same period last year, the company earned $1.52 EPS. Research analysts predict that Apple Inc. will post 6.59 EPS for the current year.

Apple said its board of directors initiated a share repurchase program on Thursday, May 2, that allows the company to buy back $110.00 billion worth of shares. This repurchase authorization allows the iPhone maker to buy back up to 3.9% of its shares through open market purchases. Share repurchase programs are generally an indication that a company’s management believes its stock is undervalued.

Apple raises dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a dividend of $0.25. The ex-dividend date was Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents an annualized dividend of $1.00 and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple Profile

(Free Report)

Apple Inc. designs, manufactures and sells 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 multifunction tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.

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