Apple Inc. $AAPL Position Decreased by Atwater Malick LLC

Atwater Malick LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,234 shares of the iPhone maker’s stock after selling 317 shares during the period. Apple makes up approximately 7.0% of Atwater Malick LLC’s portfolio, making the stock its 2nd biggest holding. Atwater Malick LLC’s holdings in Apple were worth $22,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Salus Financial Advisors LLC boosted its position in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares in the last quarter. SigFig Wealth Management LLC boosted its position in shares of Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after purchasing an additional 50 shares in the last quarter. Sharpepoint LLC boosted its position in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after purchasing an additional 51 shares in the last quarter. Redwood Financial Network Corp boosted its position in shares of Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after purchasing an additional 53 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its position in shares of Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AAPL shares. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Apple in a research report on Wednesday, October 8th. Barclays raised their price target on shares of Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Sanford C. Bernstein started coverage on shares of Apple in a research report on Monday, September 15th. They set an “outperform” rating and a $290.00 price target for the company. Finally, Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company 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 given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.47.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of the company’s 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 sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the company’s 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 sale, the senior vice president owned 179,158 shares in the company, 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 a total of 259,121 shares of company stock valued at $65,358,981 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 0.4%

Shares of Apple stock opened at $259.58 on Friday. The company has a market capitalization of $3.85 trillion, a P/E ratio of 39.39, a P/E/G ratio of 2.51 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a fifty day moving average of $243.53 and a 200 day moving average of $218.56. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $265.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 170.91% and a net margin of 24.30%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple 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.