Apple Inc. (NASDAQ:AAPL) Shares Acquired by SYM FINANCIAL Corp
SYM FINANCIAL Corp boosted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 6.3% during the third quarter, Holdings Channel.com reports. The fund owned 28,626 shares of the iPhone maker’s stock after purchasing an additional 1,695 shares during the quarter. Apple comprises 0.9% of SYM FINANCIAL Corp’s investment portfolio, making the stock its 12th biggest position. SYM FINANCIAL Corp’s holdings in Apple were worth $6,670,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heritage Family Offices LLP acquired a new stake in Apple during the 2nd quarter worth $3,331,000. Equita Financial Network Inc. raised its holdings in shares of Apple by 50.2% during the 2nd quarter. Equita Financial Network Inc. now owns 4,792 shares of the iPhone maker’s stock worth $1,009,000 after acquiring an additional 1,601 shares during the period. MUFG Securities EMEA plc raised its holdings in shares of Apple by 2,278.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 350,000 shares of the iPhone maker’s stock worth $73,717,000 after acquiring an additional 335,283 shares during the period. Van ECK Associates Corp raised its holdings in shares of Apple by 19.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,014,406 shares of the iPhone maker’s stock worth $213,654,000 after acquiring an additional 166,794 shares during the period. Finally, Austin Wealth Management LLC raised its holdings in shares of Apple by 2.8% during the 2nd quarter. Austin Wealth Management LLC now owns 24,374 shares of the iPhone maker’s stock worth $5,547,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Stock Down 2.4 %
NASDAQ AAPL opened at $227.63 on Monday. The stock has a fifty day moving average of $241.26 and a 200-day moving average of $231.04. The stock has a market capitalization of $3.42 trillion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.87%.
Analyst Ratings Changes
AAPL has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a report on Tuesday, January 21st. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group lowered shares of Apple from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $211.84 to $200.75 in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $242.52.
View Our Latest Research Report on AAPL
Insider Activity
In other news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
Apple Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
See Also
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