Apple Inc. (NASDAQ:AAPL) Shares Bought by Mason & Associates Inc

Mason & Associates Inc lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,556 shares of the iPhone maker’s stock after purchasing an additional 2,785 shares during the period. Apple comprises approximately 1.9% of Mason & Associates Inc’s holdings, making the stock its 14th biggest holding. Mason & Associates Inc’s holdings in Apple were worth $7,067,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in shares of Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC lifted its holdings in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple in the 4th quarter worth $39,000. University of Texas Texas AM Investment Managment Co. lifted its holdings in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Apple in the 4th quarter worth $85,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 0.2 %

AAPL opened at $216.79 on Wednesday. The stock has a market cap of $3.32 trillion, a PE ratio of 33.72, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The business’s fifty day simple moving average is $222.67 and its 200 day simple moving average is $199.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock worth $23,723,887 over the last three months. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Barclays dropped their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. Evercore ISI reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a research report on Monday. Piper Sandler reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, Cfra boosted their price objective on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Apple Profile

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.