S.A. Mason LLC Sells 90 Shares of Apple Inc. (NASDAQ:AAPL)

S.A. Mason LLC cut its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,729 shares of the iPhone maker’s stock after selling 90 shares during the period. Apple accounts for 2.5% of S.A. Mason LLC’s portfolio, making the stock its 7th largest position. S.A. Mason LLC’s holdings in Apple were worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Elk River Wealth Management LLC grew its position in shares of Apple by 49.0% during the first quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after acquiring an additional 54,989 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after acquiring an additional 5,703 shares during the last quarter. Piscataqua Savings Bank grew its position in shares of Apple by 1.5% during the first quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after acquiring an additional 684 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Apple during the first quarter worth about $171,000. Finally, Chico Wealth RIA bought a new position in shares of Apple during the first quarter worth about $7,794,000. 57.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Apple Price Performance

NASDAQ AAPL opened at $150.70 on Monday. The company has a 50 day simple moving average of $159.65 and a 200-day simple moving average of $156.02. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAPL. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Apple in a research report on Monday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of Apple in a research report on Wednesday, June 8th. Wells Fargo & Company decreased their target price on shares of Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Rosenblatt Securities decreased their target price on shares of Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, UBS Group set a $185.00 target price on shares of Apple in a research report on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.52.

Apple Company Profile

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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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