Apple Inc. (NASDAQ:AAPL) Shares Bought by Overbrook Management Corp

Overbrook Management Corp grew its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 63.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 84,299 shares of the iPhone maker’s stock after purchasing an additional 32,636 shares during the quarter. Apple makes up 4.5% of Overbrook Management Corp’s holdings, making the stock its 7th biggest holding. Overbrook Management Corp’s holdings in Apple were worth $17,755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Kestra Private Wealth Services LLC increased its position in shares of Apple by 4.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 988,057 shares of the iPhone maker’s stock valued at $190,231,000 after purchasing an additional 38,221 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Apple by 4.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 81,056 shares of the iPhone maker’s stock worth $15,606,000 after purchasing an additional 3,430 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its position in shares of Apple by 3.6% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 285,752 shares of the iPhone maker’s stock worth $55,016,000 after buying an additional 9,962 shares during the last quarter. Islay Capital Management LLC boosted its holdings in shares of Apple by 0.8% in the 4th quarter. Islay Capital Management LLC now owns 21,527 shares of the iPhone maker’s stock valued at $4,145,000 after buying an additional 171 shares in the last quarter. Finally, Norden Group LLC lifted its position in Apple by 5.4% in the fourth quarter. Norden Group LLC now owns 54,191 shares of the iPhone maker’s stock valued at $10,434,000 after acquiring an additional 2,777 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $300.00 in a research report on Monday, July 15th. Citigroup restated a “buy” rating and issued a $255.00 price objective on shares of Apple in a research note on Tuesday, August 27th. KeyCorp reaffirmed a “hold” rating and set a $247.61 price objective on shares of Apple in a research report on Wednesday, August 28th. Finally, New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

Check Out Our Latest Report on AAPL

Apple Stock Performance

Apple stock opened at $233.00 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.57 trillion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The stock has a 50 day moving average of $222.37 and a 200-day moving average of $202.80.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating 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 firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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