Hall Laurie J Trustee boosted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 60,797 shares of the iPhone maker’s stock after purchasing an additional 686 shares during the period. Apple makes up 4.5% of Hall Laurie J Trustee’s holdings, making the stock its 3rd largest holding. Hall Laurie J Trustee’s holdings in Apple were worth $12,805,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Christopher J. Hasenberg Inc purchased a new position in Apple in the first quarter worth $35,000. Fidelis Capital Partners LLC lifted its stake in Apple by 17.9% during the first 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 during the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. boosted its holdings in shares of 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 purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple during the 4th quarter valued at about $85,000. Institutional investors own 60.41% of the company’s stock.
Apple Stock Down 0.3 %
Shares of Apple stock opened at $228.20 on Friday. The company has a 50-day simple moving average of $222.41 and a two-hundred day simple moving average of $200.19. 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. The stock has a market capitalization of $3.50 trillion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors 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 dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Melius Research restated a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Barclays lowered their price objective on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Maxim Group reissued a “hold” rating and issued a $203.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $255.00 price objective on shares of Apple in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.
Get Our Latest Analysis on Apple
Insider Buying and Selling
In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is owned by corporate insiders.
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.
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