Apple Inc. (NASDAQ:AAPL) is Benedict Financial Advisors Inc.’s Largest Position

Benedict Financial Advisors Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 111,161 shares of the iPhone maker’s stock after selling 2,916 shares during the period. Apple comprises 4.5% of Benedict Financial Advisors Inc.’s holdings, making the stock its biggest position. Benedict Financial Advisors Inc.’s holdings in Apple were worth $15,198,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AAPL. Aaron Wealth Advisors LLC lifted its position in shares of Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after purchasing an additional 25,989,570 shares during the period. Capital Research Global Investors lifted its position in shares of Apple by 31.7% in the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after purchasing an additional 9,354,484 shares during the period. Vanguard Group Inc. raised its stake in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Swiss National Bank raised its stake in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after acquiring an additional 8,230,300 shares in the last quarter. Finally, CFS Investment Advisory Services LLC raised its stake in shares of Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after acquiring an additional 7,416,445 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $138.38 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market capitalization of $2.20 trillion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company’s fifty day moving average price is $149.29 and its 200 day moving average price is $150.83.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. On average, research analysts predict that Apple Inc. will post 6.34 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Monday, November 7th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, November 4th. Apple’s payout ratio is 15.06%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of Apple from $185.00 to $177.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Ita├║ Unibanco initiated coverage on shares of Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. Robert W. Baird reduced their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a research note on Monday, October 31st. Finally, Itau BBA Securities began coverage on shares of Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $177.56.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 176,299 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold a total of 457,386 shares of company stock valued at $70,627,433 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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