Apple Inc. (NASDAQ:AAPL) Shares Sold by Delta Investment Management LLC

Delta Investment Management LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,810 shares of the iPhone maker’s stock after selling 1,323 shares during the period. Apple comprises 4.0% of Delta Investment Management LLC’s investment portfolio, making the stock its 7th biggest holding. Delta Investment Management LLC’s holdings in Apple were worth $8,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Cardinal Capital Management Inc. grew its holdings in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after acquiring an additional 221 shares in the last quarter. CFS Investment Advisory Services LLC boosted its holdings in shares of Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after buying an additional 7,416,445 shares in the last quarter. Spence Asset Management acquired a new position in shares of Apple in the 2nd quarter valued at $49,000. HBC Financial Services PLLC boosted its holdings 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 buying an additional 80 shares in the last quarter. Finally, Emerson Wealth LLC boosted its holdings in shares of Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $138.34 on Thursday. The company has a 50-day simple moving average of $157.16 and a 200-day simple moving average of $153.99. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $2.22 trillion, a PE ratio of 22.83, a P/E/G ratio of 1.73 and a beta of 1.25. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Equities research analysts predict that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. Apple’s dividend payout ratio is currently 15.18%.

Insiders Place Their Bets

In related news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the sale, the senior vice president now directly owns 136,290 shares in the company, valued at $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold 298,034 shares of company stock valued at $46,105,704 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. UBS Group set a $185.00 target price on shares of Apple in a report on Thursday, September 29th. Morgan Stanley lowered their target price on shares of Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $139.00 target price on shares of Apple in a report on Thursday, September 8th. Wedbush upped their target price on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Finally, StockNews.com assumed coverage on shares of Apple in a report on Wednesday. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

Apple Company Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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