Apple Inc. (NASDAQ:AAPL) Shares Sold by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,754 shares of the iPhone maker’s stock after selling 823 shares during the quarter. Apple makes up 4.8% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Foresight Capital Management Advisors Inc.’s holdings in Apple were worth $3,111,000 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. Donald L. Hagan LLC raised its stake in Apple by 0.3% during the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after buying an additional 61 shares in the last quarter. Goodwin Daniel L raised its stake in Apple by 0.5% during the first quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock valued at $2,230,000 after buying an additional 62 shares in the last quarter. Opus Capital Group LLC raised its stake in Apple by 0.3% during the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after buying an additional 63 shares in the last quarter. Norwood Financial Corp raised its stake in Apple by 0.9% during the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after buying an additional 65 shares in the last quarter. Finally, Investors Research Corp raised its stake in Apple by 0.4% during the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after buying an additional 66 shares in the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.6 %

Shares of AAPL opened at $152.74 on Friday. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 2.03 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 12 month low of $129.04 and a 12 month high of $182.94. The company has a 50-day moving average price of $160.31 and a two-hundred day moving average price of $155.83.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results 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 net margin of 25.71% and a return on equity of 152.97%. The firm had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is 15.18%.

Insider Activity

In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly 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 available at this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated 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 transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Itau BBA Securities initiated coverage on Apple in a research report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. Rosenblatt Securities dropped their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Credit Suisse Group set a $201.00 price target on Apple in a research report on Thursday, September 8th. Wedbush increased their price target on Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Finally, Monness Crespi & Hardt initiated coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.68.

About Apple

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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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