Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Penbrook Management LLC

Penbrook Management LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,104 shares of the iPhone maker’s stock after selling 666 shares during the period. Penbrook Management LLC’s holdings in Apple were worth $864,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AAPL. Unique Wealth Strategies LLC purchased a new stake in shares of Apple during the 4th quarter worth about $1,798,000. Opinicus Capital Inc. bought a new position in shares of Apple in the 4th quarter valued at approximately $8,533,000. Omnia Family Wealth LLC raised its stake in shares of Apple by 2.1% in the 4th quarter. Omnia Family Wealth LLC now owns 30,683 shares of the iPhone maker’s stock valued at $5,907,000 after acquiring an additional 635 shares in the last quarter. Stonebrook Private Inc. bought a new position in shares of Apple in the 4th quarter valued at approximately $14,942,000. Finally, Financial Advisors LLC raised its stake in shares of Apple by 0.3% in the 4th quarter. Financial Advisors LLC now owns 25,009 shares of the iPhone maker’s stock valued at $4,815,000 after acquiring an additional 83 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ AAPL opened at $227.79 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The stock’s 50 day moving average price is $222.12 and its 200-day moving average price is $201.57. The company has a market capitalization of $3.49 trillion, a PE ratio of 35.43, a PEG ratio of 2.66 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last announced its earnings results 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. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued 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 yield of 0.44%. Apple’s payout ratio is 15.55%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AAPL shares. Wedbush reissued an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. KeyCorp reissued a “hold” rating and issued a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Thursday. Citigroup reaffirmed a “buy” rating and issued a $255.00 price target on shares of Apple in a research report on Tuesday, August 27th. Finally, Robert W. Baird lifted their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.76.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s 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 transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the 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 in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated 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 transaction, 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. Insiders have sold 113,884 shares of company stock valued at $23,723,887 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

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.