United Asset Strategies Inc. Purchases 9,272 Shares of Apple Inc. (NASDAQ:AAPL)

United Asset Strategies Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 6.1% during the second quarter, Holdings Channel.com reports. The firm owned 160,642 shares of the iPhone maker’s stock after buying an additional 9,272 shares during the quarter. Apple accounts for approximately 3.3% of United Asset Strategies Inc.’s holdings, making the stock its 5th biggest position. United Asset Strategies Inc.’s holdings in Apple were worth $33,834,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AAPL. Access Investment Management LLC acquired a new position in shares of Apple during the first quarter valued at about $140,000. Hoese & Co LLP raised its holdings in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Benchmark Wealth Management LLC bought a new position in Apple in the 2nd quarter valued at about $208,000. Sequent Asset Management LLC acquired a new position in Apple during the 2nd quarter valued at about $214,000. Finally, Financial Life Advisors bought a new stake in Apple during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on 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 directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. New Street Research reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Raymond James increased their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Sanford C. Bernstein raised their price target on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Apple Stock Up 1.1 %

Apple stock opened at $233.85 on Wednesday. The firm has a 50 day simple moving average of $224.59 and a 200 day simple moving average of $207.04. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The firm has a market capitalization of $3.59 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. On average, analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

About Apple

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.