Barry Investment Advisors LLC Sells 322 Shares of Apple Inc. $AAPL

Barry Investment Advisors LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,693 shares of the iPhone maker’s stock after selling 322 shares during the quarter. Apple comprises 1.1% of Barry Investment Advisors LLC’s portfolio, making the stock its 24th largest position. Barry Investment Advisors LLC’s holdings in Apple were worth $4,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ryan Investment Management Inc. bought a new stake in Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC grew its position 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 purchasing an additional 180 shares in the last quarter. LSV Asset Management bought a new position in Apple in the 4th quarter valued at approximately $65,000. Elite Financial Inc. bought a new position in shares of Apple during the first quarter valued at $58,000. Finally, HFM Investment Advisors LLC bought a new position in shares of Apple during the first quarter valued at $99,000. 67.73% of the stock is owned by institutional investors.

Apple Trading Up 0.0%

Shares of AAPL opened at $247.77 on Wednesday. The stock has a market capitalization of $3.68 trillion, a P/E ratio of 37.60, a PEG ratio of 2.41 and a beta of 1.09. 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 fifty day simple moving average of $239.39 and a two-hundred day simple moving average of $216.26. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend 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%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AAPL shares. DA Davidson reissued a “neutral” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 11th. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Morgan Stanley set a $298.00 price target on shares of Apple and gave the company an “overweight” rating in a research report on Thursday, October 2nd. HSBC set a $220.00 price target on shares of Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Finally, Melius Research set a $290.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.29.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,922 shares of company stock valued at $64,320,190. Company insiders own 0.06% of the company’s stock.

Apple Company 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.