Campbell & CO Investment Adviser LLC Invests $3.34 Million in Apple Inc. $AAPL

Campbell & CO Investment Adviser LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,332 shares of the iPhone maker’s stock, valued at approximately $3,338,000.

Other large investors have also bought and sold shares of the company. Ryan Investment Management Inc. bought a new position in shares of Apple in the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Nexus Investment Management ULC raised its stake in shares of Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after acquiring an additional 200 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Apple during the first quarter worth approximately $58,000. Finally, LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $315.00 price target (up previously from $245.00) on shares of Apple in a report on Friday, October 31st. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and lifted their target price for the company from $203.07 to $246.99 in a research note on Friday, October 31st. Tigress Financial upped their price target on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Argus set a $325.00 price objective on Apple and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein set a $325.00 target price on shares of Apple in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.53.

Insider Activity

In other news, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 228,052 shares of company stock valued at $58,604,588. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $280.70 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.15 trillion, a P/E ratio of 37.58, a PEG ratio of 2.65 and a beta of 1.10. The business has a 50-day moving average of $265.56 and a 200-day moving average of $233.58. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

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.