Apple Inc. (NASDAQ:AAPL) is Seneca House Advisors’ 10th Largest Position

Seneca House Advisors lifted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,501 shares of the iPhone maker’s stock after purchasing an additional 102 shares during the period. Apple comprises 2.9% of Seneca House Advisors’ investment portfolio, making the stock its 10th biggest position. Seneca House Advisors’ holdings in Apple were worth $4,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares in the last quarter. Spence Asset Management purchased a new stake in shares of Apple during the second quarter worth about $49,000. HBC Financial Services PLLC increased its stake in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Emerson Wealth LLC increased its stake in shares of Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 320 shares in the last quarter. Finally, Darrow Company Inc. purchased a new stake in shares of Apple during the second quarter worth about $107,000. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, 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 in the company, valued at approximately $17,259,454.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 360,651 shares of company stock valued at $53,703,645. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of 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 firm’s 50 day moving average price is $147.08 and its 200 day moving average price is $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. The company has a market cap of $2.41 trillion, a P/E ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $88.77 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on AAPL. set a $175.00 target price on shares of Apple in a research note on Friday, July 29th. KeyCorp restated a “buy” rating and set a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. Credit Suisse Group set a $184.00 price target on shares of Apple in a research report on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. Finally, DA Davidson lowered their price target on shares of Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.26.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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