Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Nemes Rush Group LLC

Nemes Rush Group LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 202,370 shares of the iPhone maker’s stock after selling 1,061 shares during the period. Apple makes up 5.9% of Nemes Rush Group LLC’s investment portfolio, making the stock its largest position. Nemes Rush Group LLC’s holdings in Apple were worth $42,623,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC lifted its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the period. Access Investment Management LLC acquired a new position in shares of Apple in the first quarter worth about $140,000. Hoese & Co LLP boosted its stake in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares in the last quarter. Sage Financial Group Inc. acquired a new stake in shares of Apple during the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $208,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Friday, November 1st. Maxim Group increased their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. TD Cowen boosted their price target on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Finally, UBS Group lifted their target price on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $235.51.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 404,040 shares of company stock worth $91,062,512. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 1.4 %

Shares of Apple stock opened at $228.22 on Friday. The stock has a 50 day moving average of $226.84 and a 200 day moving average of $215.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.20 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

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.