Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Adams Wealth Management

Adams Wealth Management lifted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,970 shares of the iPhone maker’s stock after acquiring an additional 174 shares during the period. Apple accounts for 0.4% of Adams Wealth Management’s portfolio, making the stock its 17th biggest holding. Adams Wealth Management’s holdings in Apple were worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cardinal Capital Management Inc. grew its position in Apple by 5,525.0% in the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares in the last quarter. CFS Investment Advisory Services LLC grew its position in 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 bought a new position in Apple in the 2nd quarter valued at about $49,000. HBC Financial Services PLLC grew its position in 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 grew its position in 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 own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $139.00 price target on shares of Apple in a report on Thursday, September 8th. Fundamental Research set a $177.07 price target on shares of Apple and gave the company a “buy” rating in a report on Thursday, August 4th. Itaú Unibanco assumed coverage on shares of Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target for the company. Itau BBA Securities assumed coverage on shares of Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target for the company. Finally, Monness Crespi & Hardt assumed coverage on shares of Apple in a research note on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $180.69.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the firm’s stock in a transaction 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 owns 136,290 shares in the company, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold a total of 298,034 shares of company stock worth $46,105,704 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.5 %

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

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

Apple Announces Dividend

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

About Apple

(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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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.

Leave a Reply

Your email address will not be published. Required fields are marked *