Oliver Lagore Vanvalin Investment Group Purchases Shares of 15,760 Apple Inc. $AAPL

Oliver Lagore Vanvalin Investment Group acquired a new position in Apple Inc. (NASDAQ:AAPL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,760 shares of the iPhone maker’s stock, valued at approximately $3,501,000. Apple accounts for about 1.3% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 20th largest holding.

A number of other large investors have also modified their holdings of AAPL. Ryan Investment Management Inc. acquired a new position in shares of Apple in the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the period. Life Planning Partners Inc acquired a new position in shares of Apple in the fourth quarter worth about $47,000. Elite Financial Inc. acquired a new position in shares of Apple in the first quarter worth about $58,000. Finally, Conquis Financial LLC acquired a new position in shares of Apple in the fourth quarter worth about $63,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $255.46 on Friday. The firm has a 50 day simple moving average of $228.87 and a 200-day simple moving average of $213.20. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 EPS. On average, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 15.78%.

Analysts Set New Price Targets

AAPL has been the subject of several research analyst reports. DA Davidson restated a “neutral” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 11th. Jefferies Financial Group upped their price target on shares of Apple from $190.67 to $205.82 and gave the stock a “hold” rating in a research report on Monday, September 8th. Evercore ISI set a $290.00 price target on shares of Apple and gave the stock an “outperform” rating in a research report on Friday. Phillip Securities downgraded shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target for the company. in a research report on Thursday, September 11th. Finally, HSBC set a $220.00 price target on shares of Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.66.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple 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.