Murphy Middleton Hinkle & Parker Inc. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,320 shares of the iPhone maker’s stock after acquiring an additional 637 shares during the period. Apple makes up 2.2% of Murphy Middleton Hinkle & Parker Inc.’s holdings, making the stock its 8th biggest holding. Murphy Middleton Hinkle & Parker Inc.’s holdings in Apple were worth $3,035,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd boosted its stake in Apple by 2,180.0% in the fourth quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 109 shares during the last quarter. Stralem & Co. Inc. acquired a new position in Apple during the first quarter worth $39,000. Sycomore Asset Management acquired a new position in Apple during the first quarter worth $50,000. Heard Capital LLC acquired a new position in Apple during the first quarter worth $51,000. Finally, University of Texas Texas AM Investment Managment Co. purchased a new stake in Apple during the fourth quarter worth $117,000. Institutional investors and hedge funds own 62.04% of the company’s stock.
In other news, SVP Deirdre O’brien sold 9,137 shares of Apple stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $285.12, for a total value of $2,605,141.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,491 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $305.62, for a total value of $1,372,539.42. Following the completion of the transaction, the insider now owns 7,370 shares in the company, valued at $2,252,419.40. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
NASDAQ AAPL traded up $5.81 during trading on Wednesday, hitting $378.50. 18,567,406 shares of the company traded hands, compared to its average volume of 37,403,880. Apple Inc. has a 12 month low of $192.58 and a 12 month high of $372.38. The business has a fifty day simple moving average of $339.92 and a 200 day simple moving average of $302.89. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1,641.26 billion, a P/E ratio of 29.70, a PEG ratio of 2.76 and a beta of 1.18.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.29. The company had revenue of $58.31 billion for the quarter, compared to analyst estimates of $54.64 billion. Apple had a return on equity of 64.49% and a net margin of 21.35%. The business’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $2.46 earnings per share. Equities research analysts predict that Apple Inc. will post 12.32 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Wedbush upped their price objective on Apple from $375.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Cascend Securities upped their price target on Apple from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday. Tigress Financial restated a “buy” rating on shares of Apple in a research note on Tuesday, April 14th. Goldman Sachs Group restated a “sell” rating and set a $263.00 price target on shares of Apple in a research note on Tuesday, June 23rd. Finally, Piper Sandler upped their price target on Apple from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Apple presently has an average rating of “Buy” and a consensus price target of $329.38.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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