High Probability Advisors LLC Has $924,000 Stock Position in Apple Inc. $AAPL

High Probability Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,504 shares of the iPhone maker’s stock after buying an additional 346 shares during the quarter. High Probability Advisors LLC’s holdings in Apple were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the period. Life Planning Partners Inc bought a new position in shares of Apple in the fourth quarter worth about $47,000. Elite Financial Inc. bought a new position in shares of Apple in the first quarter worth about $58,000. Conquis Financial LLC acquired a new stake in shares of Apple during the 4th quarter worth approximately $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth approximately $65,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $245.50 on Monday. The company has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 2.55 and a beta of 1.11. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $224.35 and a 200-day moving average of $212.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping 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 company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter last year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a report on Thursday, September 11th. HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Loop Capital decreased their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday, August 21st. DA Davidson restated a “neutral” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.74.

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.