Apple Inc. $AAPL is Armstrong Henry H Associates Inc.’s 9th Largest Position

Armstrong Henry H Associates Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,276 shares of the iPhone maker’s stock after selling 1,818 shares during the quarter. Apple accounts for approximately 1.2% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 9th largest position. Armstrong Henry H Associates Inc.’s holdings in Apple were worth $12,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Burkett Financial Services LLC boosted its stake in Apple by 0.6% during the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after buying an additional 93 shares during the period. Avid Wealth Partners LLC boosted its stake in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC boosted its stake in Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after buying an additional 240 shares during the period. OneAscent Wealth Management LLC boosted its stake in Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock worth $2,337,000 after buying an additional 409 shares during the period. Finally, Andina Capital Management LLC boosted its stake in Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after buying an additional 4,591 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $237.88 on Friday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.53 trillion, a PE ratio of 36.10, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a 50-day simple moving average of $223.66 and a two-hundred day simple moving average of $212.35.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 15.78%.

Analyst Ratings Changes

Several research analysts have commented on the stock. HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a research note on Monday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a research note on Thursday, September 11th. Evercore ISI boosted their target price on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.93.

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.