Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by GR Financial Group LLC

GR Financial Group LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,187 shares of the iPhone maker’s stock after selling 97 shares during the period. Apple makes up about 0.5% of GR Financial Group LLC’s holdings, making the stock its 4th largest holding. GR Financial Group LLC’s holdings in Apple were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPG Investment Advisory LLC grew its holdings in Apple by 13.0% during the 2nd quarter. RPG Investment Advisory LLC now owns 133,173 shares of the iPhone maker’s stock worth $28,049,000 after acquiring an additional 15,290 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of Apple during the 2nd quarter worth $690,000. Provident Investment Management Inc. increased its holdings in Apple by 26.0% in the second quarter. Provident Investment Management Inc. now owns 9,099 shares of the iPhone maker’s stock valued at $1,916,000 after buying an additional 1,877 shares during the last quarter. Sachetta LLC lifted its holdings in Apple by 0.8% during the 2nd quarter. Sachetta LLC now owns 33,016 shares of the iPhone maker’s stock worth $7,224,000 after buying an additional 260 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. increased its holdings in shares of Apple by 0.8% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 39,672 shares of the iPhone maker’s stock valued at $8,722,000 after acquiring an additional 304 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a research report on Friday. Raymond James raised their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Thursday, September 19th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 target price on shares of Apple in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.91.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on 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 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 SEC, which is available at the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 in the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.4 %

AAPL stock opened at $231.41 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The firm has a market capitalization of $3.55 trillion, a PE ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 1.24. The company’s 50 day simple moving average is $226.86 and its 200-day simple moving average is $210.64.

Apple (NASDAQ:AAPL) last announced its earnings results 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 return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s dividend payout ratio (DPR) is 15.55%.

About Apple

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.