Apple Inc. (NASDAQ:AAPL) Holdings Raised by Unison Asset Management LLC

Unison Asset Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,609 shares of the iPhone maker’s stock after purchasing an additional 1,644 shares during the period. Apple comprises about 2.5% of Unison Asset Management LLC’s holdings, making the stock its 20th biggest holding. Unison Asset Management LLC’s holdings in Apple were worth $2,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after purchasing an additional 5,703 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Apple during the first quarter valued at $171,000. Emerald Advisors LLC raised its position in Apple by 2.4% during the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after buying an additional 465 shares during the period. Chico Wealth RIA acquired a new position in Apple during the first quarter valued at $7,794,000. Finally, Sageworth Trust Co raised its position in Apple by 150.3% during the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after buying an additional 3,482 shares during the period. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 360,651 shares of company stock worth $53,703,645. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $151.29 on Monday. The business has a 50 day moving average price of $147.08 and a 200 day moving average price of $149.77. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25. 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 announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share 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 the consensus estimate of $88.77 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.23 dividend. 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 is currently 15.06%.

Analysts Set New Price Targets

Several research firms recently weighed in on AAPL. The Goldman Sachs Group reissued a “neutral” rating and set a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. Monness Crespi & Hardt began coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target on the stock. Sanford C. Bernstein set a $170.00 price target on Apple in a research report on Monday, September 12th. Morgan Stanley dropped their target price on Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, November 8th. Two investment 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. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

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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