2 weeks Ago By ABMN Staff
Pinnacle Wealth Management Advisory Group LLC decreased its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 229,904 shares of the iPhone maker’s stock after selling 4,118 shares during the quarter. Apple accounts for 5.0% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its biggest holding.
Pinnacle Wealth Management Advisory Group LLC’s holdings in Apple were worth $48,422,000 at the end of the most recent quarter. Several other hedge funds have also modified their holdings of the company. Christopher J.
Hasenberg Inc purchased a new stake in Apple during the 1st quarter valued at $35,000. A.P.
Gilfoyle & Co. L.P.
bought a new position in Apple during the fourth quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Apple by 657.
1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period.
Clarity Asset Management Inc. bought a new stake in shares of Apple in the 4th quarter worth about $85,000. Finally, Clear Street Markets LLC boosted its stake in shares of Apple by 100.
6% during the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 83,965 shares during the period. 60.
41% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on the company. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and increased their price target for the stock from $170.
00 to $300.00 in a report on Monday, July 15th. Moffett Nathanson started coverage on shares of Apple in a research note on Monday, August 19th.
They set a “neutral” rating and a $211.00 target price for the company. Barclays reduced their price target 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. Citigroup reissued a “buy” rating and issued a $255.
00 price objective on shares of Apple in a research report on Tuesday, August 27th. Finally, Sanford C. Bernstein raised their target price on shares of Apple from $195.
00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. 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 issued a strong buy rating to the stock.
According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.76. Insiders Place Their Bets In other news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on Thursday, August 15th.
The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link . In other Apple news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th.
The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00.
Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, SVP Katherine L.
Adams sold 100,000 shares of Apple stock in a transaction dated 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 sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92.
The disclosure for this sale can be found here . In the last 90 days, insiders sold 113,884 shares of company stock worth $23,723,887. Insiders own 0.
06% of the company’s stock. Apple Trading Up 0.1 % NASDAQ AAPL opened at $227.
79 on Monday. 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 company has a 50-day simple moving average of $222.
19 and a 200-day simple moving average of $202.38. Apple Inc.
has a one year low of $164.07 and a one year high of $237.23.
The firm has a market capitalization of $3.49 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.
66 and a beta of 1.24. Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st.
The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.
06. Apple had a return on equity of 147.15% and a net margin of 26.
44%. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.
43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS.
The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc.
will post 6.7 earnings per share for the current year. Apple Announces Dividend 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 dividend of $0.25 per share. This represents a $1.
00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th.
Apple’s payout ratio 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. Recommended Stories 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.com's FREE daily email newsletter .
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