SMH Capital Advisors Inc. acquired a new position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 991 shares of the iPhone maker’s stock, valued at approximately $209,000.
Several other large investors have also recently modified their holdings of AAPL. UP Strategic Wealth Investment Advisors LLC lifted its holdings in shares of Apple by 5.5% in the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 13,725 shares of the iPhone maker’s stock worth $2,891,000 after buying an additional 714 shares during the period. Bright Financial Advisors Inc. lifted its stake in shares of Apple by 0.4% during the 2nd quarter. Bright Financial Advisors Inc. now owns 16,604 shares of the iPhone maker’s stock worth $3,497,000 after purchasing an additional 63 shares during the last quarter. XTX Topco Ltd raised its stake in Apple by 2,066.0% in the second quarter. XTX Topco Ltd now owns 70,850 shares of the iPhone maker’s stock valued at $14,922,000 after buying an additional 67,579 shares during the last quarter. Independent Advisor Alliance raised its stake in Apple by 0.9% in the second quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock valued at $193,926,000 after buying an additional 8,028 shares during the last quarter. Finally, Somerset Group LLC raised its stake in Apple by 2.3% in the second quarter. Somerset Group LLC now owns 27,650 shares of the iPhone maker’s stock valued at $5,824,000 after buying an additional 631 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a report on Friday, November 1st. Barclays dropped their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Evercore ISI reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.
Apple Stock Performance
Shares of NASDAQ AAPL opened at $222.72 on Thursday. The company has a market cap of $3.39 trillion, a PE ratio of 36.63, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The stock has a 50 day simple moving average of $226.91 and a 200-day simple moving average of $213.51.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 7.45 EPS for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.
Insider Buying and Selling at Apple
In other news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This represents 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 at the SEC website. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,924 shares of company stock valued at $94,142,399 in the last three months. 0.06% of the stock is currently owned by company insiders.
About Apple
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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