Aull & Monroe Investment Management Corp Sells 203 Shares of Apple Inc. (NASDAQ:AAPL)

Aull & Monroe Investment Management Corp decreased its position in Apple Inc. (NASDAQ:AAPL) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,103 shares of the iPhone maker’s stock after selling 203 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Apple were worth $1,285,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple during the first quarter worth about $35,000. Fidelis Capital Partners LLC increased its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. lifted its stake in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Apple in the fourth quarter valued at approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AAPL. Rosenblatt Securities restated a “buy” rating and set a $261.00 price objective on shares of Apple in a report on Tuesday, September 10th. Maxim Group restated a “hold” rating and issued a $203.00 price target on shares of Apple in a report on Tuesday, September 10th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Tuesday, September 10th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price target on shares of Apple in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $239.17.

Apple Stock Down 0.3 %

Shares of NASDAQ AAPL opened at $228.20 on Friday. The stock has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.24. The stock’s fifty day moving average is $222.41 and its 200 day moving average is $199.99. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,469,275. 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. Insiders own 0.06% of the company’s stock.

Apple Company 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.