Apple Inc. (NASDAQ:AAPL) Shares Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,149 shares of the iPhone maker’s stock after purchasing an additional 434 shares during the quarter. Apple makes up about 3.8% of Harbour Capital Advisors LLC’s portfolio, making the stock its largest holding. Harbour Capital Advisors LLC’s holdings in Apple were worth $11,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cardinal Capital Management Inc. increased its position 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 purchasing an additional 221 shares in the last quarter. CFS Investment Advisory Services LLC increased 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 acquiring an additional 7,416,445 shares during the period. Spence Asset Management acquired a new position in Apple in the 2nd quarter valued at approximately $49,000. HBC Financial Services PLLC increased 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 acquiring an additional 80 shares during the period. Finally, Emerson Wealth LLC increased 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 acquiring an additional 320 shares during the period. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on AAPL shares. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday, September 12th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on shares of Apple in a research report on Monday, August 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. Citigroup increased their price objective on shares of Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, set a $175.00 price objective on shares of Apple in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $180.35.

Apple Stock Performance

Shares of AAPL stock opened at $142.99 on Friday. The firm has a 50-day moving average of $156.70 and a 200-day moving average of $153.91. The company has a market cap of $2.30 trillion, a P/E ratio of 23.60, 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 current ratio of 0.86 and a quick ratio of 0.82. Apple Inc. has a one year low of $129.04 and a one year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last announced its 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. The company 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were issued 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 0.64%. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 176,299 shares of the firm’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 completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Deirdre O’brien sold 176,299 shares of the firm’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 completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,034 shares of company stock worth $46,105,704. Insiders own 0.06% of the company’s stock.

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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