Relyea Zuckerberg Hanson LLC Has $23.55 Million Stock Position in Apple Inc. $AAPL

Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 34.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,757 shares of the iPhone maker’s stock after buying an additional 29,630 shares during the period. Apple makes up about 2.8% of Relyea Zuckerberg Hanson LLC’s holdings, making the stock its 8th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Apple were worth $23,545,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAPL. Ryan Investment Management Inc. purchased a new stake in Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC raised its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Elite Financial Inc. purchased a new stake in Apple during the first quarter valued at about $58,000. LSV Asset Management purchased a new stake in Apple during the fourth quarter valued at about $65,000. Finally, HFM Investment Advisors LLC purchased a new stake in Apple during the first quarter valued at about $99,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

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

Apple Stock Up 0.1%

NASDAQ AAPL opened at $269.00 on Wednesday. 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 stock has a market capitalization of $3.99 trillion, a PE ratio of 40.82, a PEG ratio of 2.61 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $269.89. The business’s 50-day moving average is $245.68 and its 200 day moving average is $220.69.

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

Apple Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Tigress Financial raised their price target on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 17th. Jefferies Financial Group downgraded Apple from a “moderate sell” rating to a “strong sell” rating in a research report on Monday, October 20th. Cowen restated a “buy” rating on shares of Apple in a research report on Monday. Sanford C. Bernstein began coverage on Apple in a research report on Monday, September 15th. They set an “outperform” rating and a $290.00 price target on the stock. Finally, DA Davidson reiterated a “neutral” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.76.

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.