2 weeks Ago By ABMN Staff
Vivid Wealth Management LLC lessened its stake in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 31.5% in the 2nd quarter, HoldingsChannel reports.
The institutional investor owned 15,057 shares of the iPhone maker’s stock after selling 6,923 shares during the quarter. Apple makes up 1.8% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position.
Vivid Wealth Management LLC’s holdings in Apple were worth $3,171,000 as of its most recent SEC filing. Other institutional investors have also made changes to their positions in the company. Choreo LLC grew its holdings in shares of Apple by 16.
3% in the fourth quarter. Choreo LLC now owns 468,273 shares of the iPhone maker’s stock valued at $90,157,000 after purchasing an additional 65,721 shares in the last quarter. Guyasuta Investment Advisors Inc.
boosted its position in Apple by 0.3% in the 4th quarter. Guyasuta Investment Advisors Inc.
now owns 100,142 shares of the iPhone maker’s stock valued at $19,280,000 after buying an additional 255 shares during the period. Naviter Wealth LLC grew its stake in shares of Apple by 21.1% in the fourth quarter.
Naviter Wealth LLC now owns 72,647 shares of the iPhone maker’s stock worth $13,987,000 after acquiring an additional 12,647 shares in the last quarter. EWA LLC grew its stake in shares of Apple by 1.5% in the fourth quarter.
EWA LLC now owns 8,510 shares of the iPhone maker’s stock worth $1,582,000 after acquiring an additional 127 shares in the last quarter. Finally, Cypress Capital Management LLC WY increased its position in shares of Apple by 0.9% during the fourth quarter.
Cypress Capital Management LLC WY now owns 97,284 shares of the iPhone maker’s stock worth $18,730,000 after acquiring an additional 876 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of research firms recently issued reports on AAPL. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th.
Moffett Nathanson started coverage on Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective for the company.
The Goldman Sachs Group upped their target price on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.
Evercore ISI reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and set a $250.
00 price target on shares of Apple in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average price target of $238.76. Insider Buying and Selling In other Apple 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 transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other Apple news, 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 value of $20,644,000.
00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, insider Chris Kondo sold 8,706 shares of the company’s 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 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 sold 113,884 shares of company stock valued at $23,723,887 over the last ninety days. Corporate insiders own 0.
06% of the company’s stock. Apple Stock Performance Shares of AAPL stock opened at $227.79 on Monday.
The stock’s 50-day moving average price is $222.19 and its 200 day moving average price is $202.38.
The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.
29. The stock 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 Inc. has a 52-week low of $164.07 and a 52-week high of $237.
23. Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.
40 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $84.43 billion.
During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 4.
9% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 6.
7 EPS for the current year. Apple Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.
25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.
00 dividend on an annualized basis and a dividend 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.
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