ODonnell Financial Services LLC Has $6.38 Million Stake in Apple Inc. $AAPL

ODonnell Financial Services LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,104 shares of the iPhone maker’s stock after selling 2,322 shares during the period. Apple makes up approximately 2.4% of ODonnell Financial Services LLC’s investment portfolio, making the stock its 13th largest holding. ODonnell Financial Services LLC’s holdings in Apple were worth $6,382,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Orin Green Financial LLC raised its position in Apple by 1.9% in the 2nd quarter. Orin Green Financial LLC now owns 13,214 shares of the iPhone maker’s stock valued at $2,711,000 after buying an additional 246 shares during the last quarter. Alaska Wealth Advisors grew its stake in shares of Apple by 43.5% during the 2nd quarter. Alaska Wealth Advisors now owns 11,548 shares of the iPhone maker’s stock worth $2,369,000 after acquiring an additional 3,499 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of Apple by 10.3% in the second quarter. Sentry Investment Management LLC now owns 48,294 shares of the iPhone maker’s stock valued at $10,142,000 after purchasing an additional 4,509 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Apple by 0.5% in the second quarter. Altus Wealth Group LLC now owns 30,660 shares of the iPhone maker’s stock worth $6,291,000 after purchasing an additional 145 shares in the last quarter. Finally, Balboa Wealth Partners boosted its holdings in Apple by 2.0% during the second quarter. Balboa Wealth Partners now owns 69,830 shares of the iPhone maker’s stock worth $14,327,000 after purchasing an additional 1,346 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $267.44 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $3.95 trillion, a P/E ratio of 40.58, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The stock has a 50 day moving average of $257.18 and a 200-day moving average of $227.87.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is presently 13.92%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Seaport Res Ptn upgraded shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their target price on Apple from $279.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and increased their price target for the company from $203.07 to $246.99 in a research report on Friday, October 31st. CLSA upgraded Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Finally, Robert W. Baird set a $300.00 price objective on Apple in a research note on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.22.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 228,052 shares of company stock worth $58,604,588 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Company 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.