Norwood Financial Corp Buys 290 Shares of Apple Inc. (NASDAQ:AAPL)

Norwood Financial Corp grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,315 shares of the iPhone maker’s stock after acquiring an additional 290 shares during the period. Apple comprises about 1.7% of Norwood Financial Corp’s holdings, making the stock its 11th largest position. Norwood Financial Corp’s holdings in Apple were worth $1,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FDx Advisors Inc. increased its holdings in shares of Apple by 483.7% during the second quarter. FDx Advisors Inc. now owns 110,584 shares of the iPhone maker’s stock valued at $15,119,000 after acquiring an additional 91,638 shares in the last quarter. Wealth Effects LLC increased its holdings in shares of Apple by 5.9% during the second quarter. Wealth Effects LLC now owns 114,211 shares of the iPhone maker’s stock valued at $15,615,000 after acquiring an additional 6,368 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Apple by 6.1% during the second quarter. Candriam S.C.A. now owns 3,188,623 shares of the iPhone maker’s stock valued at $435,928,000 after buying an additional 182,945 shares during the last quarter. Seneca House Advisors boosted its position in shares of Apple by 0.3% during the second quarter. Seneca House Advisors now owns 32,501 shares of the iPhone maker’s stock valued at $4,444,000 after buying an additional 102 shares during the last quarter. Finally, Sweet Financial Partners LLC boosted its position in shares of Apple by 5.4% during the second quarter. Sweet Financial Partners LLC now owns 24,994 shares of the iPhone maker’s stock valued at $3,417,000 after buying an additional 1,281 shares during the last quarter. 57.72% of the stock is currently owned by institutional investors.

Apple Stock Up 0.4 %

Shares of AAPL opened at $151.29 on Monday. The business’s 50 day moving average is $147.08 and its 200 day moving average is $149.77. The company has a market capitalization of $2.41 trillion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total value of $25,062,665.84. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 360,651 shares of company stock valued at $53,703,645 in the last quarter. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AAPL shares. Robert W. Baird dropped their price objective on Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Sanford C. Bernstein set a $170.00 price objective on Apple in a research report on Monday, September 12th. Monness Crespi & Hardt started coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Tuesday, November 8th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.26.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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