1 day Ago By ABMN Staff
Riverwater Partners LLC decreased its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 7.2% in the second quarter, HoldingsChannel reports.
The firm owned 4,350 shares of the iPhone maker’s stock after selling 339 shares during the quarter. Riverwater Partners LLC’s holdings in Apple were worth $916,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL.
Foresight Capital Management Advisors Inc. lifted its stake in Apple by 0.3% during the 2nd quarter.
Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after acquiring an additional 55 shares in the last quarter. Hoese & Co LLP lifted its stake in Apple by 6.
7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares in the last quarter. Stableford Capital II LLC lifted its stake in Apple by 0.
3% during the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after acquiring an additional 59 shares in the last quarter. Whitcomb & Hess Inc.
lifted its stake in Apple by 1.7% during the 2nd quarter. Whitcomb & Hess Inc.
now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after acquiring an additional 59 shares in the last quarter. Finally, Kwmg LLC lifted its stake in Apple by 0.6% during the 1st quarter.
Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock worth $1,825,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms recently issued reports on AAPL. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.
Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and upped their price target for the stock from $170.00 to $300.00 in a report on Monday, July 15th.
Oppenheimer restated an “outperform” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, September 10th. Robert W.
Baird upped their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.
Finally, Maxim Group restated a “hold” rating and set a $203.00 price target on shares of Apple in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.17.
Insider Activity In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.
44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.
92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th.
The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00.
Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website .
Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.
44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.
92. The disclosure for this sale can be found here . Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last three months.
0.06% of the stock is currently owned by company insiders. Apple Stock Up 1.
8 % AAPL opened at $220.69 on Thursday. 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 business has a 50 day simple moving average of $222.43 and a 200-day simple moving average of $199.41.
The stock has a market capitalization of $3.38 trillion, a P/E ratio of 34.32, a P/E/G ratio of 2.
62 and a beta 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 posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.
34 by $0.06. The business had revenue of $85.
78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.
15% and a net margin of 26.44%. The company’s quarterly revenue was up 4.
9% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS.
On average, equities analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.
Apple Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend.
The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.
45%. Apple’s dividend 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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