2 weeks Ago By ABMN Staff
Pettinga Financial Advisors LLC boosted its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 47,622 shares of the iPhone maker’s stock after buying an additional 481 shares during the period. Apple makes up approximately 2.5% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 11th biggest position.
Pettinga Financial Advisors LLC’s holdings in Apple were worth $10,030,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in the company. Foresight Capital Management Advisors Inc.
boosted its position in Apple by 0.3% during the second quarter. Foresight Capital Management Advisors Inc.
now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after purchasing an additional 55 shares in the last quarter. Altus Wealth Management LLC raised its stake in shares of Apple by 0.6% during the 2nd quarter.
Altus Wealth Management LLC now owns 9,508 shares of the iPhone maker’s stock worth $2,002,000 after buying an additional 55 shares during the period. Hoese & Co LLP lifted its position in shares of Apple by 6.7% during the 2nd quarter.
Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares in the last quarter. Stableford Capital II LLC grew its stake in Apple by 0.3% in the 1st quarter.
Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after acquiring an additional 59 shares during the period. Finally, Whitcomb & Hess Inc. lifted its holdings in Apple by 1.
7% during the second quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock valued at $746,000 after purchasing an additional 59 shares in the last quarter.
60.41% of the stock is owned by institutional investors and hedge funds. Apple Price Performance Shares of NASDAQ AAPL opened at $227.
79 on Monday. The stock’s 50-day moving average is $222.19 and its two-hundred day moving average is $202.
38. 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 company has a market cap of $3.
49 trillion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.
24. Apple Inc. has a 1-year low of $164.
07 and a 1-year high of $237.23. Apple Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th.
Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.
00 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, August 12th.
Apple’s dividend payout ratio (DPR) is presently 15.55%. Insider Buying and Selling at Apple In other news, SVP Katherine L.
Adams sold 100,000 shares of the company’s 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . In other news, SVP Katherine L. Adams sold 100,000 shares of the business’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 transaction of $20,644,000.00.
Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.
00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here .
Insiders have sold a total of 113,884 shares of company stock worth $23,723,887 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on AAPL. Moffett Nathanson assumed coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.
00 price target on the stock. Melius Research restated a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th.
StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Wedbush reissued an “outperform” rating and issued a $285.
00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Barclays lowered their target price on shares of Apple from $187.00 to $186.
00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, Apple presently has an average rating of “Moderate Buy” and an average target price of $238.76. View Our Latest Analysis on Apple 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. Featured Articles 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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