Paragon Capital Management LLC Has $17.45 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Paragon Capital Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 127,427 shares of the iPhone maker’s stock after selling 2,109 shares during the quarter. Apple makes up about 8.7% of Paragon Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Paragon Capital Management LLC’s holdings in Apple were worth $17,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Managment Co. bought a new position in Apple in the 2nd quarter valued at $27,000. Milestone Resources Group Ltd raised its position in shares of Apple by 57.7% during the second quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock worth $30,000 after acquiring an additional 79 shares during the last quarter. Pinz Capital Management LP bought a new stake in shares of Apple during the first quarter worth $72,000. Kessler Investment Group LLC raised its position in shares of Apple by 585.7% during the second quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock worth $79,000 after acquiring an additional 492 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd raised its position in shares of Apple by 135.6% during the first quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock worth $80,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 56.38% of the company’s stock.

AAPL stock opened at $146.92 on Friday. The business has a 50-day moving average of $148.37 and a 200-day moving average of $136.29. Apple Inc. has a fifty-two week low of $107.32 and a fifty-two week high of $157.26. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 28.75, a P/E/G ratio of 2.10 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, July 26th. The iPhone maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.01 by $0.29. Apple had a return on equity of 131.01% and a net margin of 25.00%. The firm had revenue of $81.40 billion during the quarter, compared to analysts’ expectations of $73.48 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 5.59 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 6th. This represents a $0.88 annualized dividend and a yield of 0.60%. Apple’s dividend payout ratio (DPR) is presently 26.83%.

A number of equities research analysts have recently weighed in on AAPL shares. DA Davidson boosted their target price on Apple from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Fundamental Research boosted their target price on Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a research report on Tuesday, August 31st. Morgan Stanley boosted their target price on Apple from $166.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. Wolfe Research upgraded Apple from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $135.00 to $155.00 in a report on Wednesday, September 1st. Finally, Piper Sandler upped their price objective on Apple from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $163.82.

In other Apple news, SVP Deirdre O’brien sold 14,877 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $145.99, for a total value of $2,171,893.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $145.89, for a total value of $2,480,130.00. Following the completion of the sale, the senior vice president now owns 324,164 shares in the company, valued at approximately $47,292,285.96. The disclosure for this sale can be found here. Insiders have sold 2,418,317 shares of company stock valued at $359,229,278 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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