2 weeks Ago By Defense World Staff
Grove Bank & Trust lowered its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC.
The firm owned 163,043 shares of the iPhone maker’s stock after selling 471 shares during the period. Apple comprises approximately 5.5% of Grove Bank & Trust’s holdings, making the stock its 3rd largest position.
Grove Bank & Trust’s holdings in Apple were worth $34,340,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ACT Advisors LLC.
boosted its holdings in shares of Apple by 17.4% during the 2nd quarter. ACT Advisors LLC.
now owns 7,022 shares of the iPhone maker’s stock valued at $1,479,000 after purchasing an additional 1,043 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its holdings in shares of Apple by 0.9% during the 2nd quarter.
Processus Wealth & Capital Management LLC now owns 41,627 shares of the iPhone maker’s stock valued at $8,768,000 after purchasing an additional 352 shares during the last quarter. Alta Wealth Advisors LLC raised its position in shares of Apple by 0.9% during the 2nd quarter.
Alta Wealth Advisors LLC now owns 35,870 shares of the iPhone maker’s stock valued at $7,555,000 after buying an additional 310 shares in the last quarter. Allegiance Financial Group Advisory Services LLC raised its position in shares of Apple by 2.8% during the 2nd quarter.
Allegiance Financial Group Advisory Services LLC now owns 14,769 shares of the iPhone maker’s stock valued at $3,111,000 after buying an additional 407 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC raised its position in shares of Apple by 0.
9% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 44,023 shares of the iPhone maker’s stock valued at $9,272,000 after buying an additional 397 shares in the last quarter.
Institutional investors own 60.41% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts have recently issued reports on AAPL shares.
Maxim Group restated a “hold” rating and set a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. Raymond James upped their target price on shares of Apple from $200.
00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.
00 to $230.00 in a research report on Tuesday, June 11th. Rosenblatt Securities reissued a “buy” rating and issued a $261.
00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $300.
00 in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $238.
76. Insider Buying and Selling at Apple In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th.
The shares were 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 in the company, valued at $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink .
In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.
00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The transaction was disclosed in a filing with the SEC, which is available at this link .
Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.
92. The disclosure for this sale can be found here . Insiders sold a total of 113,884 shares of company stock worth $23,723,887 over the last three months.
Corporate insiders own 0.06% of the company’s stock. Apple Price Performance NASDAQ AAPL opened at $227.
79 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.
91 and a current ratio of 0.95. The firm’s 50 day moving average price is $222.
12 and its 200-day moving average price is $201.57. Apple Inc.
has a 52-week low of $164.07 and a 52-week high of $237.23.
The company has a market cap of $3.49 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.
66 and a beta of 1.24. Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, August 1st.
The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.
06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.
43 billion. Apple had a net margin of 26.44% and a return on equity of 147.
15%. Apple’s revenue was up 4.9% compared to the same quarter last year.
During the same period last year, the firm earned $1.26 earnings per share. Sell-side analysts forecast that Apple Inc.
will post 6.7 EPS for the current fiscal year. Apple Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th.
Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th.
This represents a $1.00 annualized dividend and a yield of 0.44%.
Apple’s dividend payout ratio (DPR) is 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. Read More Five stocks we like better than Apple What is the NASDAQ Stock Exchange? Can Costco Stock Hit New Highs as Interest Rates Drop? How Can Investors Benefit From After-Hours Trading These 3 Stocks Show How to Navigate Declining Consumer Confidence The How And Why of Investing in Oil Stocks MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? 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.com's FREE daily email newsletter .
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