Stolper Co trimmed its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,128 shares of the iPhone maker’s stock after selling 118 shares during the quarter. Apple makes up 4.2% of Stolper Co’s portfolio, making the stock its 2nd biggest holding. Stolper Co’s holdings in Apple were worth $9,041,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in AAPL. Norges Bank acquired a new position in Apple in the fourth quarter valued at $25,228,507,000. Aaron Wealth Advisors LLC increased its stake in Apple by 30,391.8% in the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after purchasing an additional 25,989,570 shares during the last quarter. State Street Corp increased its stake in Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after purchasing an additional 10,951,705 shares during the last quarter. Capital Research Global Investors increased its stake in Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after purchasing an additional 9,354,484 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on AAPL shares. Barclays set a $169.00 target price on Apple in a research note on Wednesday, September 14th. UBS Group set a $185.00 target price on Apple in a research note on Wednesday, September 14th. set a $175.00 price target on Apple in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Apple in a research note on Monday, August 1st. Finally, Fundamental Research set a $177.07 price target on Apple and gave the stock a “buy” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.52.
Insider Transactions at Apple
Apple Trading Up 2.5 %
Shares of NASDAQ AAPL opened at $154.48 on Tuesday. The stock’s 50 day simple moving average is $159.65 and its 200 day simple moving average is $155.94. 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 $2.48 trillion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94.
Apple (NASDAQ:AAPL – Get Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. Equities research analysts expect that Apple Inc. will post 6.11 EPS for the current year.
Apple Announces Dividend
The company also recently disclosed 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 0.60%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio is presently 15.18%.
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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