Hyman Charles D reduced its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 471,594 shares of the iPhone maker’s stock after selling 1,976 shares during the period. Apple accounts for approximately 4.7% of Hyman Charles D’s holdings, making the stock its 3rd biggest position. Hyman Charles D’s holdings in Apple were worth $64,476,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Cooper Financial Group increased its position in Apple by 2.2% in the 1st quarter. Cooper Financial Group now owns 114,581 shares of the iPhone maker’s stock valued at $20,007,000 after acquiring an additional 2,516 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after acquiring an additional 1,040 shares during the last quarter. Tennessee Valley Asset Management Partners boosted its stake in Apple by 2.0% during the 1st quarter. Tennessee Valley Asset Management Partners now owns 24,330 shares of the iPhone maker’s stock worth $4,248,000 after acquiring an additional 470 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Apple by 11.3% during the 1st quarter. Empirical Finance LLC now owns 307,340 shares of the iPhone maker’s stock worth $53,665,000 after acquiring an additional 31,327 shares during the last quarter. 57.72% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on AAPL shares. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Tuesday, November 8th. DA Davidson reduced their target price on shares of Apple from $185.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $139.00 target price on shares of Apple in a research report on Thursday, September 8th. Barclays cut their price objective on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. Finally, Robert W. Baird cut their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.26.
Apple Trading Down 0.8 %
Apple (NASDAQ:AAPL – Get Rating) last announced its earnings results 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. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the firm posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 6.31 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.62%. Apple’s dividend payout ratio is currently 15.06%.
Insiders Place Their Bets
In other news, SVP Deirdre O’brien sold 176,299 shares of Apple 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 sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 360,651 shares of company stock worth $53,703,645 in the last quarter. 0.06% of the stock is owned by company insiders.
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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