Dupree Financial Group LLC Has $3.86 Million Stock Holdings in Apple Inc. $AAPL

Dupree Financial Group LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,818 shares of the iPhone maker’s stock after selling 570 shares during the quarter. Apple accounts for 1.5% of Dupree Financial Group LLC’s holdings, making the stock its 27th biggest position. Dupree Financial Group LLC’s holdings in Apple were worth $3,861,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. boosted its holdings in shares of Apple by 26.7% in the second quarter. IMG Wealth Management Inc. now owns 4,130 shares of the iPhone maker’s stock valued at $847,000 after buying an additional 871 shares during the period. Lafayette Investments Inc. lifted its position in Apple by 0.7% in the 2nd quarter. Lafayette Investments Inc. now owns 58,335 shares of the iPhone maker’s stock valued at $11,969,000 after acquiring an additional 429 shares in the last quarter. BG Investment Services Inc. boosted its stake in Apple by 19.2% in the 2nd quarter. BG Investment Services Inc. now owns 7,297 shares of the iPhone maker’s stock worth $1,495,000 after purchasing an additional 1,177 shares during the period. Syntegra Private Wealth Group LLC increased its holdings in Apple by 0.9% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 54,332 shares of the iPhone maker’s stock worth $11,147,000 after purchasing an additional 472 shares in the last quarter. Finally, Liberty One Investment Management LLC increased its holdings in Apple by 6.2% during the 2nd quarter. Liberty One Investment Management LLC now owns 25,915 shares of the iPhone maker’s stock worth $5,317,000 after purchasing an additional 1,515 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.9%

NASDAQ AAPL opened at $266.25 on Friday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. 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 stock has a 50 day moving average of $258.74 and a 200-day moving average of $228.42. The company has a market cap of $3.93 trillion, a PE ratio of 40.40, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio (DPR) is 13.92%.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares of the company’s stock, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 129,963 shares of Apple 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 of the company’s stock, valued at $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock worth $58,604,588 in the last three months. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. The Goldman Sachs Group boosted their price target on Apple from $279.00 to $320.00 and gave the company a “buy” rating in a report on Friday, October 31st. Raymond James Financial restated an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. DA Davidson upped their price target on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Argus set a $325.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Friday, October 31st. Finally, HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $278.22.

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.