First Personal Financial Services Sells 102 Shares of Apple Inc. (NASDAQ:AAPL)

First Personal Financial Services lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,985 shares of the iPhone maker’s stock after selling 102 shares during the period. Apple comprises 1.7% of First Personal Financial Services’ holdings, making the stock its 25th largest position. First Personal Financial Services’ holdings in Apple were worth $6,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Parker Financial LLC boosted its position in Apple by 1.2% in the second quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock valued at $881,000 after buying an additional 54 shares in the last quarter. MKT Advisors LLC boosted its position in Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares in the last quarter. Professional Financial Advisors LLC lifted its holdings in shares of Apple by 0.5% during the second quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock worth $2,563,000 after purchasing an additional 62 shares during the period. Aspire Capital Advisors LLC lifted its holdings in shares of Apple by 0.5% during the first quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock worth $2,321,000 after purchasing an additional 64 shares during the period. Finally, Legacy Financial Group LLC lifted its holdings in shares of Apple by 0.6% during the second quarter. Legacy Financial Group LLC now owns 10,949 shares of the iPhone maker’s stock worth $2,124,000 after purchasing an additional 64 shares during the period. Institutional investors own 58.51% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $186.40 on Friday. The business’s fifty day simple moving average is $176.47 and its two-hundred day simple moving average is $179.95. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.53 and a beta of 1.30.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion for the quarter, compared to the consensus estimate of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Research analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.52%. Apple’s dividend payout ratio (DPR) is presently 15.69%.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 31,685 shares of Apple stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the transaction, the chief financial officer now directly owns 107,661 shares in the company, valued at $19,237,944.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the sale, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 31,685 shares of Apple stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the sale, the chief financial officer now directly owns 107,661 shares in the company, valued at $19,237,944.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 439,585 shares of company stock worth $76,485,550. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $173.00 price target on shares of Apple in a report on Tuesday, October 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $195.00 price target on shares of Apple in a report on Monday, October 9th. TD Cowen lifted their price target on shares of Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Apple in a report on Tuesday, October 31st. Finally, Raymond James lifted their price target on shares of Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $197.82.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.