Apple Inc. (NASDAQ:AAPL) Shares Bought by Flaharty Asset Management LLC

Flaharty Asset Management LLC lifted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,403 shares of the iPhone maker’s stock after acquiring an additional 108 shares during the quarter. Apple accounts for approximately 0.5% of Flaharty Asset Management LLC’s holdings, making the stock its 28th largest position. Flaharty Asset Management LLC’s holdings in Apple were worth $2,516,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Donald L. Hagan LLC raised its position in shares of Apple by 0.3% during the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after purchasing an additional 61 shares during the period. Goodwin Daniel L raised its position in shares of Apple by 0.5% during the first quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after purchasing an additional 62 shares during the period. Opus Capital Group LLC raised its position in shares of Apple by 0.3% during the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after purchasing an additional 63 shares during the period. Norwood Financial Corp raised its position in shares of Apple by 0.9% during the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after purchasing an additional 65 shares during the period. Finally, Investors Research Corp raised its position in shares of Apple by 0.4% during the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock worth $2,814,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $153.72 on Thursday. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The business has a 50-day moving average of $160.23 and a two-hundred day moving average of $155.88. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 25.37, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The business had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. Apple’s dividend payout ratio is presently 15.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Apple in a research report on Monday, August 1st. Loop Capital lowered their price target on Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. The Goldman Sachs Group reiterated a “neutral” rating and set a $139.00 price target on shares of Apple in a report on Thursday, September 8th. Rosenblatt Securities lowered their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, Citigroup lifted their price target on Apple from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.68.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Apple Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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