1 day Ago By ABMN Staff
MONECO Advisors LLC lifted its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 116,129 shares of the iPhone maker’s stock after purchasing an additional 15,320 shares during the period. Apple comprises about 3.6% of MONECO Advisors LLC’s portfolio, making the stock its biggest holding.
MONECO Advisors LLC’s holdings in Apple were worth $24,459,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.
P. lifted its stake in shares of Apple by 1.2% in the 2nd quarter.
Cantor Fitzgerald Investment Advisors L.P. now owns 30,894 shares of the iPhone maker’s stock valued at $6,507,000 after purchasing an additional 357 shares during the period.
Greylin Investment Management Inc lifted its stake in shares of Apple by 0.9% in the 2nd quarter. Greylin Investment Management Inc now owns 16,860 shares of the iPhone maker’s stock valued at $3,551,000 after purchasing an additional 149 shares during the period.
Garrett Wealth Advisory Group LLC lifted its stake in shares of Apple by 31.8% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 38,975 shares of the iPhone maker’s stock valued at $8,209,000 after purchasing an additional 9,411 shares during the period.
Sarasin & Partners LLP increased its holdings in Apple by 30.0% in the 2nd quarter. Sarasin & Partners LLP now owns 3,029,334 shares of the iPhone maker’s stock worth $638,038,000 after acquiring an additional 698,732 shares in the last quarter.
Finally, Financial Partners Group Inc increased its holdings in Apple by 0.5% in the 2nd quarter. Financial Partners Group Inc now owns 105,936 shares of the iPhone maker’s stock worth $22,312,000 after acquiring an additional 498 shares in the last quarter.
60.41% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Several equities research analysts recently commented on AAPL shares.
Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th.
Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $300.00 in a report on Monday, July 15th.
Melius Research reissued a “buy” rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Piper Sandler Companies reissued a “neutral” rating and issued a $225.
00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $245.
00 price target on shares of Apple in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $239.
17. Insider Transactions at Apple In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.
50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.
50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th.
The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00.
Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.
44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.
92. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 113,884 shares of company stock valued at $23,723,887.
0.06% of the stock is currently owned by corporate insiders. Apple Trading Up 1.
8 % NASDAQ AAPL opened at $220.69 on Thursday. The firm’s 50-day moving average is $222.
43 and its two-hundred day moving average is $199.41. Apple Inc.
has a 12 month low of $164.07 and a 12 month high of $237.23.
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 a market capitalization of $3.38 trillion, a P/E ratio of 34.
32, a PEG ratio of 2.62 and a beta of 1.24.
Apple ( NASDAQ:AAPL – Get Free Report ) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.
34 by $0.06. Apple had a net margin of 26.
44% and a return on equity of 147.15%. The company had revenue of $85.
78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the company posted $1.
26 earnings per share. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year.
On average, sell-side analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.
Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend.
The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.
45%. Apple’s payout ratio is currently 15.55%.
About Apple ( Free Report ) 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. See Also Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Apple Inc. ( NASDAQ:AAPL – Free Report ). Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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