Strid Group LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,783 shares of the iPhone maker’s stock after selling 440 shares during the period. Apple comprises about 0.4% of Strid Group LLC’s investment portfolio, making the stock its 18th largest holding. Strid Group LLC’s holdings in Apple were worth $1,748,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares during the period. State Street Corp boosted its position in shares of Apple by 1.8% during the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after buying an additional 10,951,705 shares during the period. Geode Capital Management LLC boosted its position in shares of Apple by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock worth $46,812,958,000 after buying an additional 4,456,954 shares during the period. Norges Bank acquired a new position in shares of Apple during the fourth quarter worth about $25,228,507,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Apple by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares during the period. 57.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AAPL. Wells Fargo & Company reduced their price objective on Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Credit Suisse Group set a $201.00 target price on Apple in a report on Thursday, September 8th. UBS Group set a $185.00 target price on Apple in a report on Wednesday, September 14th. Oppenheimer reiterated an “outperform” rating and set a $190.00 target price on shares of Apple in a report on Wednesday, June 8th. Finally, Bank of America dropped their target price on Apple from $200.00 to $185.00 in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.68.
Insider Buying and Selling
Apple Trading Up 1.6 %
Shares of NASDAQ:AAPL opened at $156.90 on Wednesday. The company has a market capitalization of $2.52 trillion, a P/E ratio of 25.89, a P/E/G ratio of 1.95 and a beta of 1.23. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. The business’s 50 day simple moving average is $159.84 and its 200 day simple moving average is $155.88.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, research analysts anticipate that Apple Inc. will post 6.11 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, August 5th. Apple’s dividend payout ratio is currently 15.18%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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