Harvest Volatility Management LLC Has $75.74 Million Position in Apple Inc. (NASDAQ:AAPL)

Harvest Volatility Management LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 553,982 shares of the iPhone maker’s stock after selling 63,358 shares during the period. Apple comprises about 12.2% of Harvest Volatility Management LLC’s portfolio, making the stock its largest holding. Harvest Volatility Management LLC’s holdings in Apple were worth $75,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Unison Asset Management LLC boosted its holdings in shares of Apple by 9.7% during the second quarter. Unison Asset Management LLC now owns 18,609 shares of the iPhone maker’s stock valued at $2,544,000 after acquiring an additional 1,644 shares during the period. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Apple by 6.3% during the second quarter. Smithbridge Asset Management Inc. DE now owns 92,997 shares of the iPhone maker’s stock valued at $12,714,000 after acquiring an additional 5,545 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Apple by 1.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 8,483,427 shares of the iPhone maker’s stock valued at $1,165,817,000 after acquiring an additional 113,581 shares during the period. Carl P. Sherr & Co. LLC boosted its holdings in shares of Apple by 1.3% during the second quarter. Carl P. Sherr & Co. LLC now owns 55,571 shares of the iPhone maker’s stock valued at $7,598,000 after acquiring an additional 710 shares during the period. Finally, Norwood Financial Corp boosted its holdings in shares of Apple by 4.1% during the second quarter. Norwood Financial Corp now owns 7,315 shares of the iPhone maker’s stock valued at $1,000,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Citigroup reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $139.00 price objective on shares of Apple in a report on Thursday, September 8th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Apple in a 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Apple Price Performance

Shares of AAPL opened at $151.29 on Monday. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 1.93 and a beta of 1.25. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. 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 business’s 50-day moving average is $147.08 and its 200-day moving average is $149.77.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Equities research analysts expect that Apple Inc. will post 6.26 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid 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 payout ratio is 15.06%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 360,651 shares of company stock valued at $53,703,645. 0.06% of the stock is owned by corporate insiders.

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.

Recommended Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.