Heron Financial Group LLC Purchases 137 Shares of Apple Inc. (NASDAQ:AAPL)

Heron Financial Group LLC grew its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,129 shares of the iPhone maker’s stock after acquiring an additional 137 shares during the quarter. Apple accounts for 2.3% of Heron Financial Group LLC’s portfolio, making the stock its 12th biggest holding. Heron Financial Group LLC’s holdings in Apple were worth $3,709,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. CFS Investment Advisory Services LLC increased its position 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 valued at $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Spence Asset Management bought a new position in Apple in the 2nd quarter valued at $49,000. HBC Financial Services PLLC grew its position in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. Emerson Wealth LLC grew its position in Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 320 shares during the last quarter. Finally, Econ Financial Services Corp grew its position in Apple by 29.1% in the 1st quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. DA Davidson cut their price objective on Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Sanford C. Bernstein set a $170.00 target price on Apple in a report on Monday, September 12th. Credit Suisse Group set a $184.00 target price on Apple in a report on Monday. Finally, Ita├║ Unibanco assumed coverage on Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $176.26.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Wednesday, August 17th. The stock was 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 owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 457,386 shares of company stock worth $70,627,433. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 3.3 %

Apple stock opened at $134.87 on Thursday. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The business’s 50-day moving average price is $148.01 and its 200 day moving average price is $150.37. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.34 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Monday, November 7th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Apple’s dividend payout ratio is currently 15.06%.

About Apple

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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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