Apple Inc. (NASDAQ:AAPL) Shares Acquired by Greenspring Advisors LLC

Greenspring Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% in the 2nd quarter, Holdings Channel reports. The firm owned 41,164 shares of the iPhone maker’s stock after buying an additional 200 shares during the quarter. Apple accounts for 1.7% of Greenspring Advisors LLC’s portfolio, making the stock its 4th biggest holding. Greenspring Advisors LLC’s holdings in Apple were worth $5,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. Cardinal Capital Management Inc. lifted its position in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after acquiring an additional 221 shares during the last quarter. Shore Point Advisors LLC acquired a new position in Apple during the 4th quarter worth $41,000. CFS Investment Advisory Services LLC lifted its position in Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after acquiring an additional 7,416,445 shares during the last quarter. Spence Asset Management acquired a new position in Apple during the 2nd quarter worth $49,000. Finally, HBC Financial Services PLLC lifted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity at Apple

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

Apple Price Performance

Shares of AAPL stock opened at $152.74 on Friday. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm’s 50 day moving average is $160.31 and its 200-day moving average is $155.83. The firm has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.03 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same period in the prior year, the business earned $1.30 earnings per share. Apple’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Dividend Announcement

The firm 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 annualized dividend and a yield of 0.60%. Apple’s dividend payout ratio is currently 15.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on AAPL shares. Citigroup boosted their target price on shares of Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. UBS Group set a $185.00 target price on shares of Apple in a research report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a report on Monday, August 1st. Evercore ISI boosted their price objective on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Itaú Unibanco started coverage on shares of Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.68.

About Apple

(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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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