Mark Sheptoff Financial Planning LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,194 shares of the iPhone maker’s stock after selling 660 shares during the period. Apple accounts for about 6.1% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 4th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Apple were worth $10,993,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Somerset Group LLC lifted its position in shares of Apple by 2.3% in the second quarter. Somerset Group LLC now owns 27,650 shares of the iPhone maker’s stock worth $5,824,000 after buying an additional 631 shares in the last quarter. WCG Wealth Advisors LLC lifted its position in shares of Apple by 13.5% in the second quarter. WCG Wealth Advisors LLC now owns 198,305 shares of the iPhone maker’s stock worth $41,767,000 after buying an additional 23,578 shares in the last quarter. Intrepid Financial Planning Group LLC lifted its position in shares of Apple by 5.1% in the second quarter. Intrepid Financial Planning Group LLC now owns 43,929 shares of the iPhone maker’s stock worth $9,252,000 after buying an additional 2,115 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its position in Apple by 1.0% during the second quarter. Glass Jacobson Investment Advisors llc now owns 19,508 shares of the iPhone maker’s stock valued at $4,109,000 after purchasing an additional 185 shares during the period. Finally, Soundwatch Capital LLC raised its position in Apple by 169.1% during the second quarter. Soundwatch Capital LLC now owns 5,810 shares of the iPhone maker’s stock valued at $1,224,000 after purchasing an additional 3,651 shares during the period. Institutional investors own 60.41% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AAPL. Cfra upped their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Bank of America reiterated a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Thursday, October 3rd. Barclays reduced their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Two equities research 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.51.
Insider Buying and Selling
In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,924 shares of company stock worth $94,142,399. Insiders own 0.06% of the company’s stock.
Apple Stock Performance
NASDAQ AAPL opened at $222.72 on Thursday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 36.63, a PEG ratio of 2.39 and a beta of 1.24. The stock has a 50-day simple moving average of $226.91 and a two-hundred day simple moving average of $213.51.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 7.45 earnings per share for the current year.
Apple Dividend Announcement
The company 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 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is 16.45%.
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.
Recommended Stories
- Five stocks we like better than Apple
- Differences Between Momentum Investing and Long Term Investing
- What a Trump Win Looks Like for the Market Now and Into 2025
- How Can Investors Benefit From After-Hours Trading
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- Compound Interest and Why It Matters When Investing
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.