Apple Inc. (NASDAQ:AAPL) Position Decreased by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, Holdings Channel.com reports. The firm owned 105,392 shares of the iPhone maker’s stock after selling 106 shares during the quarter. Apple makes up about 4.5% of Cyrus J. Lawrence LLC’s holdings, making the stock its 3rd largest position. Cyrus J. Lawrence LLC’s holdings in Apple were worth $22,197,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Access Investment Management LLC acquired a new position in Apple during the first quarter worth $140,000. Hoese & Co LLP increased its position in shares of 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 buying an additional 57 shares in the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple during the 2nd quarter worth $206,000. Benchmark Wealth Management LLC purchased a new stake in shares of Apple in the 2nd quarter worth about $208,000. Finally, SMH Capital Advisors Inc. acquired a new stake in Apple in the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 59,730 shares of the 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 approximately $111,148,695.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This 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 accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, 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. Insiders have sold 412,746 shares of company stock valued at $93,021,362 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 0.2 %

Shares of NASDAQ AAPL opened at $226.96 on Monday. The firm has a market capitalization of $3.43 trillion, a PE ratio of 37.33, a PEG ratio of 2.18 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $226.82 and a two-hundred day moving average price of $214.36.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AAPL shares. Rosenblatt Securities raised their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a research report on Friday, October 25th. Cfra upped their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Raymond James increased their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, UBS Group reissued a “hold” rating and issued a $236.00 target price on shares of Apple in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.51.

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.