Strid Group LLC Sells 440 Shares of Apple Inc. (NASDAQ:AAPL)

Strid Group LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 12,783 shares of the iPhone maker’s stock after selling 440 shares during the quarter. Apple accounts for 0.4% of Strid Group LLC’s investment portfolio, making the stock its 18th largest holding. Strid Group LLC’s holdings in Apple were worth $1,748,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AAPL. Donald L. Hagan LLC grew its holdings in shares of Apple by 0.3% in the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after acquiring an additional 61 shares in the last quarter. Goodwin Daniel L grew its holdings in shares of Apple by 0.5% in the first quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock valued at $2,230,000 after acquiring an additional 62 shares in the last quarter. Opus Capital Group LLC grew its holdings in shares of Apple by 0.3% in the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after acquiring an additional 63 shares in the last quarter. Norwood Financial Corp grew its holdings in shares of Apple by 0.9% in the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after acquiring an additional 65 shares in the last quarter. Finally, Investors Research Corp grew its holdings in shares of Apple by 0.4% in the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after acquiring an additional 66 shares in the last quarter. 57.72% of the stock is owned by institutional investors.

Apple Stock Up 1.6 %

AAPL opened at $156.90 on Wednesday. The stock has a market cap of $2.52 trillion, a PE ratio of 25.89, a P/E/G ratio of 1.95 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The business’s fifty day simple moving average is $159.84 and its 200 day simple moving average is $155.88.

Apple (NASDAQ:AAPLGet Rating) last released 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. The business had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, research analysts expect that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays set a $169.00 price objective on Apple in a report on Wednesday, September 14th. Sanford C. Bernstein set a $170.00 price objective on Apple in a report on Monday, September 12th. Fundamental Research set a $177.07 price objective on Apple and gave the company a “buy” rating in a report on Thursday, August 4th. Itaú Unibanco assumed coverage on Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. Finally, Bank of America reduced their price objective on Apple from $200.00 to $185.00 in a report on Tuesday, July 26th. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.68.

Insider Activity

In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated 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 directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated 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 directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 427,334 shares in the company, valued at $70,411,823.18. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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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