Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 138,429 shares of the iPhone maker’s stock after selling 863 shares during the quarter. Apple makes up approximately 3.5% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 6th largest position. Matrix Asset Advisors Inc. NY’s holdings in Apple were worth $29,156,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAPL. Norges Bank purchased a new position in Apple in the fourth quarter valued at $33,912,466,000. Vanguard Group Inc. increased its holdings in Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares during the last quarter. Swedbank AB purchased a new position in Apple in the first quarter valued at $3,026,492,000. Global Assets Advisory LLC increased its holdings in Apple by 23,076.4% in the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after buying an additional 9,200,345 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Apple by 158.3% in the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after buying an additional 7,067,379 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAPL shares. Citigroup reissued a “buy” rating and issued a $255.00 target price on shares of Apple in a report on Tuesday, August 27th. UBS Group upped their price objective on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday. Tigress Financial upped their price objective on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Apple from $245.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Raymond James upped their price objective on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.62.

Apple Trading Down 0.7 %

Shares of AAPL opened at $220.82 on Friday. 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 has a 50 day simple moving average of $223.09 and a 200-day simple moving average of $197.15. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The stock has a market cap of $3.39 trillion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the company posted $1.26 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. 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 0.45%. Apple’s dividend payout ratio (DPR) is 15.55%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. In the last three months, insiders sold 113,884 shares of company stock valued at $23,723,887. Company insiders own 0.06% of the company’s stock.

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.