SYM FINANCIAL Corp Acquires 6,060 Shares of Apple Inc. (NASDAQ:AAPL)

SYM FINANCIAL Corp raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,931 shares of the iPhone maker’s stock after purchasing an additional 6,060 shares during the quarter. Apple accounts for approximately 0.9% of SYM FINANCIAL Corp’s investment portfolio, making the stock its 12th largest holding. SYM FINANCIAL Corp’s holdings in Apple were worth $5,672,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Apple during the first quarter valued at about $3,026,492,000. Strategic Financial Concepts LLC increased its position in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Apple by 158.3% in the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after buying an additional 7,067,379 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Apple by 161.2% in the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after acquiring an additional 5,405,542 shares in the last quarter. Finally, Natixis grew its stake in shares of Apple by 127.7% during the first quarter. Natixis now owns 4,632,987 shares of the iPhone maker’s stock worth $794,465,000 after acquiring an additional 2,598,742 shares during the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 517,924 shares of company stock worth $114,786,399. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AAPL shares. Citigroup raised their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and raised their target price for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Evercore ISI reiterated a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Melius Research restated a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Finally, Moffett Nathanson started coverage on Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

Apple Trading Down 1.8 %

Shares of Apple stock opened at $225.91 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $227.26 and its 200-day simple moving average is $211.69. The stock has a market cap of $3.43 trillion, a P/E ratio of 34.39, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. Analysts predict that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio is presently 15.22%.

Apple 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.