Unison Asset Management LLC Acquires 1,644 Shares of Apple Inc. (NASDAQ:AAPL)

Unison Asset Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,609 shares of the iPhone maker’s stock after purchasing an additional 1,644 shares during the period. Apple accounts for approximately 2.5% of Unison Asset Management LLC’s portfolio, making the stock its 20th biggest position. Unison Asset Management LLC’s holdings in Apple were worth $2,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Apple by 8.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after purchasing an additional 5,703 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Apple in the 1st quarter valued at about $171,000. Emerald Advisors LLC raised its stake in shares of Apple by 2.4% in the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares during the period. Chico Wealth RIA acquired a new stake in shares of Apple in the 1st quarter valued at about $7,794,000. Finally, Sageworth Trust Co raised its stake in shares of Apple by 150.3% in the 2nd quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after purchasing an additional 3,482 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAPL shares. UBS Group set a $180.00 price target on Apple in a research note on Wednesday, November 16th. Monness Crespi & Hardt assumed coverage on Apple in a research report on Thursday, September 8th. They issued a “buy” rating and a $174.00 target price on the stock. Sanford C. Bernstein set a $170.00 target price on Apple in a research report on Monday, September 12th. KeyCorp reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, Citigroup reaffirmed a “buy” rating and issued a $175.00 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Apple Trading Up 0.4 %

Shares of AAPL stock opened at $151.29 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a market cap of $2.41 trillion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The stock has a 50 day simple moving average of $147.08 and a 200 day simple moving average of $149.77. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping 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 firm had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other Apple 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 transaction of $27,493,829.05. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple 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 transaction of $27,493,829.05. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders sold 360,651 shares of company stock worth $53,703,645 over the last three months. Insiders own 0.06% of the company’s stock.

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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