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

AR Asset Management Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,753 shares of the iPhone maker’s stock after purchasing an additional 80 shares during the quarter. Apple makes up 11.5% of AR Asset Management Inc.’s investment portfolio, making the stock its biggest holding. AR Asset Management Inc.’s holdings in Apple were worth $40,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AAPL. Spence Asset Management purchased a new position in shares of Apple in the 2nd quarter valued at about $49,000. HBC Financial Services PLLC boosted its position in shares of 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 purchasing an additional 80 shares during the period. Emerson Wealth LLC boosted its position in shares of Apple by 27.0% in the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 110 shares during the period. Darrow Company Inc. acquired a new stake in shares of Apple in the 2nd quarter valued at about $107,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Apple in the 1st quarter valued at about $171,000. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Transactions at Apple

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 sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 360,651 shares of company stock valued at $53,703,645. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAPL. Sanford C. Bernstein set a $170.00 target price on Apple in a research report on Monday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Morgan Stanley decreased their price objective on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. Wedbush reduced their price target on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, DA Davidson reduced their price target on Apple from $185.00 to $167.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Trading Up 1.5 %

Shares of AAPL opened at $150.18 on Wednesday. The stock’s 50-day moving average is $146.70 and its two-hundred day moving average is $149.66. The stock has a market cap of $2.39 trillion, a PE ratio of 24.58, a P/E/G ratio of 1.93 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 debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple Company Profile

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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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