Apple Inc. (NASDAQ:AAPL) Shares Sold by Inverness Counsel LLC NY

Inverness Counsel LLC NY trimmed its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 598,404 shares of the iPhone maker’s stock after selling 52,344 shares during the period. Apple makes up approximately 4.6% of Inverness Counsel LLC NY’s holdings, making the stock its 5th biggest holding. Inverness Counsel LLC NY’s holdings in Apple were worth $81,814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAPL. Cardinal Capital Management Inc. raised its holdings in shares of Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after buying an additional 7,416,445 shares during the last quarter. Spence Asset Management purchased a new position in shares of Apple in the second quarter worth $49,000. HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the last quarter. Finally, Emerson Wealth LLC raised its holdings in shares of Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after buying an additional 320 shares during the last quarter. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.5 %

Shares of NASDAQ AAPL opened at $138.34 on Thursday. The company’s 50-day simple moving average is $157.16 and its 200-day simple moving average is $153.99. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

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

Apple Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,374,986.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction dated 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 transaction, 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. Over the last three months, insiders have sold 298,034 shares of company stock worth $46,105,704. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAPL. Credit Suisse Group set a $201.00 price target on shares of Apple in a report on Thursday, September 8th. Itaú Unibanco initiated coverage on shares of Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Apple in a report on Monday, August 1st. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a report on Monday, September 12th. Finally, Wells Fargo & Company reduced their target price on shares of Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Two investment 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Apple Company Profile

(Get Rating)

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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