Apple Inc. (NASDAQ:AAPL) is E&G Advisors LP’s 9th Largest Position

E&G Advisors LP reduced its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,250 shares of the iPhone maker’s stock after selling 4,755 shares during the period. Apple makes up approximately 1.9% of E&G Advisors LP’s portfolio, making the stock its 9th largest position. E&G Advisors LP’s holdings in Apple were worth $5,503,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its holdings in Apple by 145.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 643,206 shares of the iPhone maker’s stock valued at $114,214,000 after buying an additional 381,507 shares in the last quarter. Tobias Financial Advisors Inc. increased its holdings in Apple by 1,255.6% in the fourth quarter. Tobias Financial Advisors Inc. now owns 242,191 shares of the iPhone maker’s stock valued at $43,006,000 after buying an additional 224,325 shares in the last quarter. Bancreek Capital Management LP purchased a new position in Apple in the fourth quarter valued at about $3,857,000. Leverty Financial Group LLC purchased a new position in Apple in the fourth quarter valued at about $142,000. Finally, Intrepid Capital Management Inc. increased its holdings in Apple by 57.4% in the fourth quarter. Intrepid Capital Management Inc. now owns 4,845 shares of the iPhone maker’s stock valued at $860,000 after buying an additional 1,766 shares in the last quarter. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. Bank of America lowered their price target on shares of Apple from $200.00 to $185.00 in a research report on Tuesday, July 26th. Itaú Unibanco initiated coverage on shares of Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target on the stock. set a $175.00 price target on shares of Apple in a research report on Friday, July 29th. Loop Capital lowered their price target on shares of Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Finally, Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $181.52.

Apple Stock Performance

Shares of AAPL stock opened at $150.70 on Friday. The company’s fifty day simple moving average is $159.65 and its 200-day simple moving average is $156.09. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The company has a market cap of $2.42 trillion, a PE ratio of 24.87, a P/E/G ratio of 1.97 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter last year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 6.11 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio is presently 15.18%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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