Delphi Management Inc. MA Has $1.75 Million Position in Apple Inc. $AAPL

Delphi Management Inc. MA reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,507 shares of the iPhone maker’s stock after selling 713 shares during the quarter. Apple accounts for about 1.7% of Delphi Management Inc. MA’s holdings, making the stock its 3rd biggest holding. Delphi Management Inc. MA’s holdings in Apple were worth $1,745,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. Life Planning Partners Inc bought a new position in Apple in the fourth quarter worth approximately $47,000. Elite Financial Inc. bought a new position in shares of Apple in the first quarter valued at approximately $58,000. Conquis Financial LLC bought a new position in shares of Apple in the fourth quarter valued at approximately $63,000. Finally, LSV Asset Management bought a new stake in Apple during the fourth quarter worth $65,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

AAPL stock opened at $237.88 on Friday. The company has a market cap of $3.53 trillion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock’s fifty day moving average price is $223.66 and its 200-day moving average price is $212.35.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. Melius Research set a $290.00 target price on Apple and gave the stock a “buy” rating in a research report on Wednesday, September 10th. HSBC set a $220.00 price objective on Apple and gave the stock a “hold” rating in a report on Monday, September 8th. Barclays upped their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Finally, Tigress Financial boosted their target price on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $241.93.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This trade represents a 20.30% 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. 0.06% of the stock is currently owned by corporate 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.