Apple Inc. (NASDAQ:AAPL) is Carl P. Sherr & Co. LLC’s 4th Largest Position

Carl P. Sherr & Co. LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,571 shares of the iPhone maker’s stock after acquiring an additional 710 shares during the quarter. Apple accounts for approximately 5.7% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 4th biggest position. Carl P. Sherr & Co. LLC’s holdings in Apple were worth $7,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Aaron Wealth Advisors LLC boosted its holdings in Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after acquiring an additional 25,989,570 shares during the period. Capital Research Global Investors raised its position in Apple by 31.7% in the 1st 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 in the last quarter. Vanguard Group Inc. raised its position in Apple by 0.7% in the 1st 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 in the last quarter. Swiss National Bank raised its position in Apple by 13.1% in the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after purchasing an additional 8,230,300 shares in the last quarter. Finally, CFS Investment Advisory Services LLC raised its position in Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares in the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wedbush reduced their price target on Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. KeyCorp reaffirmed a “buy” rating and issued a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. Bank of America cut their target price on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a research report on Monday, November 7th. UBS Group set a $180.00 target price on Apple in a research report on Wednesday, November 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. Insiders sold a total of 360,651 shares of company stock valued at $53,703,645 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

NASDAQ AAPL opened at $151.29 on Monday. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The business has a fifty day moving average of $147.08 and a 200-day moving average of $149.77. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is 15.06%.

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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