Cross Staff Investments Inc Sells 232 Shares of Apple Inc. (NASDAQ:AAPL)

Cross Staff Investments Inc reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,548 shares of the iPhone maker’s stock after selling 232 shares during the period. Apple comprises approximately 7.8% of Cross Staff Investments Inc’s portfolio, making the stock its largest position. Cross Staff Investments Inc’s holdings in Apple were worth $9,383,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its stake in shares of 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 buying an additional 31,278 shares during the period. Access Investment Management LLC purchased a new stake in shares of Apple in the first quarter valued at about $140,000. Hoese & Co LLP lifted its position in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. purchased a new stake in Apple in the 2nd quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple in the 2nd quarter valued at approximately $208,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $230.76 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm’s 50 day moving average is $226.64 and its 200-day moving average is $209.48. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The stock has a market capitalization of $3.54 trillion, a P/E ratio of 35.89, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for 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 revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Maxim Group restated a “hold” rating and set a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. KeyCorp reiterated a “hold” rating and set a $247.61 price objective on shares of Apple in a research report on Wednesday, August 28th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Evercore ISI reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Finally, Loop Capital increased their price objective on shares of Apple to $300.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.27.

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 completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple 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 transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 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.