Haverford Financial Services Inc. Has $23.85 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Haverford Financial Services Inc. cut its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,250 shares of the iPhone maker’s stock after selling 141 shares during the quarter. Apple accounts for 7.2% of Haverford Financial Services Inc.’s holdings, making the stock its 2nd biggest position. Haverford Financial Services Inc.’s holdings in Apple were worth $23,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. Access Investment Management LLC acquired a new position in Apple during the 1st quarter worth approximately $140,000. Hoese & Co LLP boosted its position in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in Apple during the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $208,000. 60.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Tigress Financial increased their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and increased their price objective for the company from $205.00 to $212.92 in a report on Monday, October 7th. Finally, Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $235.51.

Apple Stock Performance

NASDAQ:AAPL opened at $222.72 on Thursday. The stock’s 50-day simple moving average is $226.91 and its 200 day simple moving average is $213.51. The firm has a market capitalization of $3.39 trillion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. On average, analysts anticipate that Apple Inc. will post 7.45 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Activity

In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were 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 approximately $24,416,137.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,924 shares of company stock valued at $94,142,399. 0.06% of the stock is currently owned by corporate insiders.

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.