Apple Inc. (NASDAQ:AAPL) Shares Bought by Cowen Prime Advisors LLC

Cowen Prime Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 33.5% in the second quarter, HoldingsChannel reports. The firm owned 4,780 shares of the iPhone maker’s stock after buying an additional 1,200 shares during the period. Cowen Prime Advisors LLC’s holdings in Apple were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. CFS Investment Advisory Services LLC raised its position in shares of Apple by 18,263.5% in the first 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 period. Spence Asset Management acquired a new position in shares of Apple in the second quarter worth about $49,000. HBC Financial Services PLLC raised its position in shares of Apple by 21.7% in the first 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 period. Emerson Wealth LLC raised its position in shares of Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 320 shares during the period. Finally, Econ Financial Services Corp raised its position in shares of Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after acquiring an additional 95 shares during the period. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. KeyCorp reissued a “buy” rating and set a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Robert W. Baird cut their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Itaú Unibanco initiated coverage on shares of Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price for the company. Finally, UBS Group cut their target price on shares of Apple from $185.00 to $180.00 in a research note on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 96,735 shares of the company’s 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 approximately $19,362,241.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 96,735 shares of the company’s 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 approximately $19,362,241.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 457,386 shares of company stock worth $70,627,433. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $149.70 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.86 and a beta of 1.25. The company’s 50-day moving average is $147.66 and its two-hundred day moving average is $150.16. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same period in the previous year, the business posted $1.24 EPS. Apple’s revenue was up 7.8% on a year-over-year basis. Analysts forecast that Apple Inc. will post 6.32 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.

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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