Stuart Chaussee & Associates Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 14.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,324 shares of the iPhone maker’s stock after purchasing an additional 165 shares during the quarter. Apple accounts for 0.2% of Stuart Chaussee & Associates Inc.’s portfolio, making the stock its 20th largest position. Stuart Chaussee & Associates Inc.’s holdings in Apple were worth $262,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Monument Capital Management raised its position in Apple by 2.2% during the second quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after acquiring an additional 53 shares in the last quarter. Pictet North America Advisors SA grew its holdings in Apple by 3.3% during the second quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock valued at $25,932,000 after purchasing an additional 4,170 shares during the last quarter. Rockland Trust Co. grew its holdings in Apple by 4.8% during the second quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after purchasing an additional 948 shares during the last quarter. Asset Dedication LLC grew its holdings in Apple by 0.4% during the second quarter. Asset Dedication LLC now owns 19,862 shares of the iPhone maker’s stock valued at $3,933,000 after purchasing an additional 79 shares during the last quarter. Finally, HWG Holdings LP grew its holdings in Apple by 45.5% during the second quarter. HWG Holdings LP now owns 18,403 shares of the iPhone maker’s stock valued at $3,642,000 after purchasing an additional 5,752 shares during the last quarter. 58.77% of the stock is owned by institutional investors and hedge funds.
In other Apple news, insider Chris Kondo sold 4,376 shares of Apple stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total transaction of $951,648.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. Insiders have sold 304,536 shares of company stock worth $62,894,611 in the last quarter. Corporate insiders own 0.05% of the company’s stock.
AAPL traded up $2.07 during trading on Thursday, reaching $225.66. 1,294,831 shares of the company’s stock were exchanged, compared to its average volume of 28,887,482. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $207.16 and a 200 day moving average price of $196.48. The company has a market capitalization of $967.87 billion, a P/E ratio of 18.93, a PEG ratio of 1.77 and a beta of 1.24.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. During the same quarter in the previous year, the company earned $2.34 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 11.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a yield of 1.36%. Apple’s dividend payout ratio is currently 25.86%.
Several equities analysts have commented on the company. Morgan Stanley set a $247.00 price target on Apple and gave the company a “buy” rating in a report on Thursday. Bank of America reiterated a “buy” rating and set a $250.00 price target (up previously from $240.00) on shares of Apple in a report on Wednesday. DZ Bank reiterated a “neutral” rating on shares of Apple in a report on Wednesday. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $218.82.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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