Campion Asset Management Sells 758 Shares of Apple Inc. $AAPL

Campion Asset Management lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,526 shares of the iPhone maker’s stock after selling 758 shares during the period. Apple accounts for about 2.7% of Campion Asset Management’s portfolio, making the stock its 10th largest position. Campion Asset Management’s holdings in Apple were worth $3,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ryan Investment Management Inc. acquired a new position in shares of Apple during the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC lifted 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 valued at $42,000 after acquiring an additional 180 shares during the period. Elite Financial Inc. acquired a new position in shares of Apple during the 1st quarter valued at $58,000. LSV Asset Management acquired a new position in shares of Apple during the 4th quarter valued at $65,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple during the 1st quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. Evercore ISI set a $290.00 price objective on shares of Apple and gave the stock an “outperform” rating in a report on Friday, September 26th. UBS Group restated a “neutral” rating on shares of Apple in a report on Monday, September 8th. Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $205.82 to $205.16 in a report on Friday, October 3rd. HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.29.

Apple Stock Performance

NASDAQ AAPL opened at $247.45 on Friday. 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 firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.43 and a beta of 1.09. The company has a fifty day moving average price of $240.67 and a 200-day moving average price of $216.66.

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

Apple Dividend Announcement

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

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,922 shares of company stock worth $64,320,190. 0.06% of the stock is owned by company insiders.

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.