2,281 Shares in Apple Inc. $AAPL Bought by Valpey Financial Services LLC

Valpey Financial Services LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,281 shares of the iPhone maker’s stock, valued at approximately $468,000.

Several other large investors have also added to or reduced their stakes in the stock. Woodmont Investment Counsel LLC boosted its holdings in Apple by 1.7% in the second quarter. Woodmont Investment Counsel LLC now owns 180,705 shares of the iPhone maker’s stock valued at $37,075,000 after acquiring an additional 3,097 shares in the last quarter. Three Bridge Wealth Advisors LLC boosted its holdings in Apple by 136.7% in the second quarter. Three Bridge Wealth Advisors LLC now owns 28,900 shares of the iPhone maker’s stock valued at $5,929,000 after acquiring an additional 16,692 shares in the last quarter. JSF Financial LLC boosted its holdings in Apple by 0.7% in the second quarter. JSF Financial LLC now owns 86,206 shares of the iPhone maker’s stock valued at $17,687,000 after acquiring an additional 633 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Apple by 9.9% in the second quarter. Merit Financial Group LLC now owns 735,881 shares of the iPhone maker’s stock valued at $150,981,000 after acquiring an additional 66,014 shares in the last quarter. Finally, Measured Risk Portfolios Inc. boosted its holdings in shares of Apple by 2.2% during the 2nd quarter. Measured Risk Portfolios Inc. now owns 12,508 shares of the iPhone maker’s stock valued at $2,566,000 after buying an additional 271 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 259,121 shares of company stock worth $65,358,981 over the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. BMO Capital Markets restated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of Apple in a report on Monday, October 20th. Cowen restated a “buy” rating on shares of Apple in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.83.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $268.81 on Tuesday. The firm’s 50 day moving average price is $244.91 and its 200-day moving average price is $220.14. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $269.12. 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 stock has a market capitalization of $3.99 trillion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

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, 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 firm had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. 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 15.78%.

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.