Tag: NASDAQ:AAPL

Stonebridge Capital Management Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,538 shares of the iPhone maker’s stock after selling 8,650 shares during the period. Apple comprises 9.0% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Stonebridge Capital Management Inc.’s holdings in Apple were worth $16,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IFM Investors Pty Ltd grew its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its position in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp grew its position in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC grew its position in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its position in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. DA Davidson started coverage on shares of Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target for the company. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Piper Sandler cut their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Morgan Stanley raised their price target on shares of Apple from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.27.

Get Our Latest Stock Analysis on AAPL

Apple Stock Down 0.2 %

AAPL opened at $172.62 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average price of $183.39 and a 200-day moving average price of $183.31. Apple Inc. has a twelve month low of $151.64 and a twelve month high of $199.62. The stock has a market capitalization of $2.67 trillion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.06 and a beta of 1.29.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s dividend payout ratio is currently 14.95%.

Apple Company Profile

(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

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.

Covea Finance boosted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 414,740 shares of the iPhone maker’s stock after purchasing an additional 5,980 shares during the quarter. Apple comprises 4.0% of Covea Finance’s holdings, making the stock its 2nd largest holding. Covea Finance’s holdings in Apple were worth $71,008,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AAPL. IFM Investors Pty Ltd grew its stake in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its stake in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp grew its stake in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC grew its stake in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its stake in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the period. 58.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,806 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. Insiders have sold 573,352 shares of company stock valued at $101,734,290 over the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAPL shares. Wedbush raised their price objective on Apple from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 11th. Tigress Financial lifted their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 16th. Bank of America reaffirmed a “neutral” rating and issued a $173.00 price objective on shares of Apple in a report on Tuesday, October 24th. Morgan Stanley lifted their price objective on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Finally, Jefferies Financial Group cut their price objective on Apple from $220.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.82.

View Our Latest Stock Analysis on AAPL

Apple Price Performance

NASDAQ:AAPL opened at $195.89 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $3.05 trillion, a P/E ratio of 32.01, a P/E/G ratio of 2.74 and a beta of 1.31. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $199.62. The business’s 50-day moving average is $184.40 and its 200 day moving average is $183.67.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.49%. Apple’s payout ratio is currently 15.69%.

Apple Profile

(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

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.

Alpha DNA Investment Management LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,596 shares of the iPhone maker’s stock after selling 1,877 shares during the period. Apple accounts for about 0.9% of Alpha DNA Investment Management LLC’s portfolio, making the stock its 9th largest holding. Alpha DNA Investment Management LLC’s holdings in Apple were worth $2,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Atlantic Private Wealth LLC bought a new position in shares of Apple in the 1st quarter valued at about $30,000. Cheyne Capital Management UK LLP grew its position in shares of Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the period. HBC Financial Services PLLC grew its position in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the period. Clear Perspectives Financial Planning LLC grew its position in shares of Apple by 27.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock valued at $172,000 after acquiring an additional 211 shares during the period. Finally, NNS Holding bought a new stake in shares of Apple during the 2nd quarter worth about $193,000. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $189.71 on Friday. The company has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.55 and a beta of 1.30. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $176.68 and a 200 day simple moving average of $180.53. Apple Inc. has a one year low of $124.17 and a one year high of $198.23.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, beating the consensus estimate of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a net margin of 25.31% and a return on equity of 160.78%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. Research analysts predict that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s payout ratio is 15.69%.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of the sale, the chief executive officer now directly owns 3,280,053 shares in the company, valued at $565,809,142.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the transaction, the chief executive officer now directly owns 3,280,053 shares in the company, valued at $565,809,142.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,391 shares of company stock worth $77,370,046. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $190.00 target price on shares of Apple in a report on Wednesday, September 27th. Piper Sandler lifted their target price on shares of Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Raymond James lifted their target price on shares of Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Tigress Financial lifted their target price on shares of Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Rosenblatt Securities reduced their target price on shares of Apple from $198.00 to $189.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $198.25.

Check Out Our Latest Report on Apple

Apple Company Profile

(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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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.

Arista Wealth Management LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,480 shares of the iPhone maker’s stock after selling 200 shares during the quarter. Apple accounts for 2.1% of Arista Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Arista Wealth Management LLC’s holdings in Apple were worth $5,136,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC bought a new position in shares of Apple during the first quarter valued at $30,000. Summit Wealth Group LLC lifted its holdings in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the period. HBC Financial Services PLLC lifted its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the period. Clear Perspectives Financial Planning LLC lifted its holdings in shares of Apple by 27.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock valued at $172,000 after acquiring an additional 211 shares during the period. Finally, Magellan Asset Management Ltd lifted its holdings in shares of Apple by 10.6% during the second quarter. Magellan Asset Management Ltd now owns 1,323 shares of the iPhone maker’s stock valued at $181,000 after acquiring an additional 127 shares during the period. 58.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now owns 136,445 shares in the company, valued at approximately $23,483,548.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 65,536 shares of Apple stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $23,483,548.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 455,004 shares of company stock worth $79,238,767. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAPL. Tigress Financial raised their price objective on shares of Apple from $210.00 to $225.00 in a report on Friday, June 23rd. Citigroup restated a “buy” rating and set a $240.00 target price on shares of Apple in a report on Friday, August 4th. Bank of America restated a “neutral” rating and set a $208.00 target price on shares of Apple in a report on Friday, September 22nd. Credit Suisse Group restated an “outperform” rating and set a $220.00 target price on shares of Apple in a report on Friday, September 15th. Finally, Piper Sandler increased their target price on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.40.

Check Out Our Latest Report on AAPL

Apple Price Performance

Shares of AAPL opened at $175.84 on Thursday. The firm has a market capitalization of $2.75 trillion, a PE ratio of 29.55, a P/E/G ratio of 2.40 and a beta of 1.28. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $198.23. The stock has a 50 day simple moving average of $177.94 and a 200 day simple moving average of $178.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The business had revenue of $81.80 billion for the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. Sell-side analysts predict that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio (DPR) is currently 16.13%.

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

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.

Cambridge Investment Research Advisors Inc. lessened its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,890,447 shares of the iPhone maker’s stock after selling 25,827 shares during the quarter. Apple comprises 4.3% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its largest position. Cambridge Investment Research Advisors Inc.’s holdings in Apple were worth $948,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc lifted its position in Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after buying an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC lifted its position in Apple by 0.9% during the first quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after buying an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after buying an additional 7,736,013 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Apple Trading Down 2.3 %

NASDAQ AAPL opened at $171.96 on Wednesday. The company has a market capitalization of $2.69 trillion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.55 and a beta of 1.27. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $198.23. The firm’s fifty day simple moving average is $182.57 and its 200-day simple moving average is $176.87. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is presently 16.13%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Piper Jaffray Companies lifted their price objective on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apple in a research report on Thursday, September 21st. KeyCorp reiterated an “overweight” rating and set a $200.00 price objective on shares of Apple in a research report on Thursday, September 14th. DA Davidson downgraded Apple from a “buy” rating to a “neutral” rating and reduced their target price for the company from $193.00 to $185.00 in a research report on Monday, June 5th. Finally, Sanford C. Bernstein lifted their target price on Apple from $175.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Ten analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.41.

Check Out Our Latest Stock Analysis on AAPL

Apple Profile

(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

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Guardian Wealth Advisors LLC NC raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,387 shares of the iPhone maker’s stock after purchasing an additional 322 shares during the period. Apple makes up about 2.5% of Guardian Wealth Advisors LLC NC’s portfolio, making the stock its 10th largest holding. Guardian Wealth Advisors LLC NC’s holdings in Apple were worth $14,080,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Starfox Financial Services LLC lifted its holdings in shares of Apple by 21.5% during the 4th quarter. Starfox Financial Services LLC now owns 1,900 shares of the iPhone maker’s stock worth $247,000 after acquiring an additional 336 shares during the period. Arista Wealth Management LLC lifted its holdings in shares of Apple by 1.0% during the 1st quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock worth $4,399,000 after acquiring an additional 261 shares during the period. Brogan Financial Inc. bought a new stake in shares of Apple during the 4th quarter worth approximately $1,874,000. Peddock Capital Advisors LLC lifted its holdings in shares of Apple by 0.8% during the 1st quarter. Peddock Capital Advisors LLC now owns 115,970 shares of the iPhone maker’s stock worth $19,123,000 after acquiring an additional 901 shares during the period. Finally, Atwater Malick LLC lifted its holdings in shares of Apple by 1.7% during the 4th quarter. Atwater Malick LLC now owns 102,669 shares of the iPhone maker’s stock worth $13,340,000 after acquiring an additional 1,696 shares during the period. Institutional investors own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AAPL. Sanford C. Bernstein upped their price target on shares of Apple from $175.00 to $195.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. 58.com reiterated a “maintains” rating on shares of Apple in a research report on Monday, June 5th. 51job reiterated a “maintains” rating on shares of Apple in a research report on Friday, June 2nd. Piper Sandler upped their price objective on shares of Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity Group upped their price objective on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $198.72.

Get Our Latest Report on Apple

Apple Stock Up 0.3 %

Shares of NASDAQ AAPL opened at $178.18 on Monday. The firm has a market cap of $2.79 trillion, a PE ratio of 29.95, a P/E/G ratio of 2.59 and a beta of 1.27. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23. The company’s fifty day simple moving average is $186.26 and its 200 day simple moving average is $174.63. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The firm had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. During the same period last year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio (DPR) is 16.13%.

Apple Company Profile

(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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