Daniels&Tansey LLP grew its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,194 shares of the iPhone maker’s stock after buying an additional 121 shares during the quarter. Apple makes up 0.2% of Daniels&Tansey LLP’s portfolio, making the stock its 18th largest position. Daniels&Tansey LLP’s holdings in Apple were worth $620,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc increased its stake in shares of Apple by 2.3% during the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after purchasing an additional 20,424,207 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Geode Capital Management LLC lifted its stake in Apple by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock valued at $46,918,015,000 after purchasing an additional 2,421,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares during the period. 58.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on AAPL shares. Sanford C. Bernstein restated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research note on Monday, October 9th. Canaccord Genuity Group raised their price target on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, October 31st. Bank of America reissued a “neutral” rating and issued a $173.00 price objective on shares of Apple in a research report on Tuesday, October 24th. Finally, StockNews.com initiated coverage on shares of Apple in a report on Thursday, October 5th. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.82.
Insider Buying and Selling at Apple
In related news, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at approximately $23,483,548.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the transaction, the insider now owns 34,687 shares in the company, valued at approximately $6,383,795.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 65,536 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The disclosure for this sale can be found here. Insiders have sold 444,391 shares of company stock worth $77,370,046 over the last quarter. Corporate insiders own 0.06% of the company’s stock.
Apple Trading Up 1.4 %
Shares of AAPL opened at $187.44 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $198.23. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.58 and a beta of 1.30. The business’s fifty day moving average is $176.34 and its 200-day moving average is $180.42.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.07. The business had revenue of $89.50 billion for the quarter, compared to analyst estimates of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. Apple’s revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.55 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s payout ratio is 15.69%.
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.
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