Armor Investment Advisors LLC Sells 175 Shares of Apple Inc. (NASDAQ:AAPL)

Armor Investment Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,661 shares of the iPhone maker’s stock after selling 175 shares during the period. Armor Investment Advisors LLC’s holdings in Apple were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goodwin Daniel L grew its stake in Apple by 0.5% during the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after buying an additional 62 shares during the last quarter. Opus Capital Group LLC raised its position in shares of Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after purchasing an additional 63 shares during the last quarter. Norwood Financial Corp boosted its stake in Apple by 0.9% in the 1st 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 in the last quarter. Mokosak Advisory Group LLC grew its position in Apple by 1.2% during the 1st quarter. Mokosak Advisory Group LLC now owns 5,702 shares of the iPhone maker’s stock worth $996,000 after purchasing an additional 66 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Apple by 6.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock valued at $143,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated 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 directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction that occurred on 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 sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction 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 transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The disclosure for this sale can be found here. Insiders sold 457,386 shares of company stock worth $70,627,433 in the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Monness Crespi & Hardt initiated coverage on shares of Apple in a report on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective on the stock. Sanford C. Bernstein set a $170.00 price objective on Apple in a report on Monday, September 12th. DA Davidson dropped their target price on Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. KeyCorp reissued a “buy” rating and set a $175.00 price target on shares of Apple in a research report on Tuesday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $139.00 target price on shares of Apple in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Apple Stock Up 1.9 %

Shares of NASDAQ:AAPL opened at $149.70 on Friday. The business has a 50-day moving average price of $147.66 and a 200 day moving average price of $150.25. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.77 and a beta of 1.25. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 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 during 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 firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Sell-side analysts expect that Apple Inc. will post 6.32 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

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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