HT Partners LLC Sells 200 Shares of Apple Inc. $AAPL

HT Partners LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,723 shares of the iPhone maker’s stock after selling 200 shares during the quarter. Apple accounts for approximately 0.6% of HT Partners LLC’s holdings, making the stock its 19th largest holding. HT Partners LLC’s holdings in Apple were worth $1,995,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Apple by 1.4% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 105,430 shares of the iPhone maker’s stock worth $21,631,000 after acquiring an additional 1,425 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Apple by 7.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 78,885 shares of the iPhone maker’s stock worth $16,185,000 after acquiring an additional 5,774 shares during the last quarter. Kennebec Savings Bank boosted its stake in shares of Apple by 1.1% in the second quarter. Kennebec Savings Bank now owns 33,991 shares of the iPhone maker’s stock worth $6,974,000 after acquiring an additional 366 shares during the last quarter. Sageworth Trust Co boosted its stake in shares of Apple by 5.8% in the second quarter. Sageworth Trust Co now owns 8,580 shares of the iPhone maker’s stock worth $1,760,000 after acquiring an additional 472 shares during the last quarter. Finally, J2 Capital Management Inc boosted its stake in Apple by 17.2% during the second quarter. J2 Capital Management Inc now owns 3,401 shares of the iPhone maker’s stock worth $698,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $12,101,228.75. Following the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $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. Insiders have sold 259,121 shares of company stock valued at $65,358,981 over the last 90 days. 0.06% of the stock is owned by insiders.

Apple Price Performance

Apple stock opened at $258.45 on Thursday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $265.29. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average of $242.99 and a 200-day moving average of $218.02. The firm has a market capitalization of $3.84 trillion, a P/E ratio of 39.22, a PEG ratio of 2.56 and a beta of 1.09.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 payout ratio is currently 15.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AAPL shares. Melius Research set a $290.00 price objective on Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Tigress Financial raised their price objective on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Bank of America lifted their target price on Apple from $260.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. The Goldman Sachs Group set a $279.00 target price on Apple and gave the company a “buy” rating in a research note on Tuesday. Finally, Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research report on Thursday, September 4th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.47.

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.