Apple Inc. (NASDAQ:AAPL) Shares Bought by Alpha Financial Partners LLC

Alpha Financial Partners LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 10.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,757 shares of the iPhone maker’s stock after acquiring an additional 554 shares during the quarter. Apple comprises about 1.1% of Alpha Financial Partners LLC’s holdings, making the stock its 14th largest position. Alpha Financial Partners LLC’s holdings in Apple were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Norway Savings Bank lifted its holdings in shares of Apple by 1.8% during the first quarter. Norway Savings Bank now owns 47,130 shares of the iPhone maker’s stock worth $8,082,000 after purchasing an additional 815 shares during the period. New England Research & Management Inc. raised its position in Apple by 6.3% during the 1st quarter. New England Research & Management Inc. now owns 32,702 shares of the iPhone maker’s stock worth $5,608,000 after buying an additional 1,941 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of Apple by 7.7% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 29,302 shares of the iPhone maker’s stock worth $5,060,000 after acquiring an additional 2,088 shares during the period. Fidelity D & D Bancorp Inc. boosted its holdings in shares of Apple by 9.6% in the first quarter. Fidelity D & D Bancorp Inc. now owns 10,067 shares of the iPhone maker’s stock valued at $1,726,000 after acquiring an additional 884 shares in the last quarter. Finally, Total Investment Management Inc. increased its stake in shares of Apple by 4.5% during the first quarter. Total Investment Management Inc. now owns 31,804 shares of the iPhone maker’s stock worth $5,454,000 after acquiring an additional 1,363 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction on 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 sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,924 shares of company stock worth $94,142,399. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AAPL shares. Rosenblatt Securities raised their price objective on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Cowen boosted their target price on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Robert W. Baird upped their price target on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Apple Stock Down 0.4 %

Shares of NASDAQ AAPL opened at $222.01 on Tuesday. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock’s 50-day simple moving average is $227.07 and its 200-day simple moving average is $213.03. The firm has a market cap of $3.38 trillion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.41 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 145.09%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. As a group, equities analysts anticipate that Apple Inc. will post 7.48 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

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.