Y.D. More Investments Ltd Has $11.80 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Sep 24th, 2023

Y.D. More Investments Ltd cut its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,834 shares of the iPhone maker’s stock after selling 6,216 shares during the quarter. Apple comprises approximately 2.7% of Y.D. More Investments Ltd’s holdings, making the stock its 10th biggest position. Y.D. More Investments Ltd’s holdings in Apple were worth $11,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MKT Advisors LLC grew its position in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares during the period. Aspire Capital Advisors LLC boosted its holdings in Apple by 0.5% in the 1st quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock worth $2,321,000 after buying an additional 64 shares during the last quarter. Orgel Wealth Management LLC increased its stake in Apple by 0.7% during the 2nd quarter. Orgel Wealth Management LLC now owns 8,926 shares of the iPhone maker’s stock worth $1,731,000 after buying an additional 66 shares in the last quarter. Freedom Wealth Alliance LLC increased its stake in Apple by 0.4% during the 1st quarter. Freedom Wealth Alliance LLC now owns 16,091 shares of the iPhone maker’s stock worth $2,653,000 after buying an additional 67 shares in the last quarter. Finally, Adaptive Financial Consulting LLC increased its stake in Apple by 2.7% during the 4th quarter. Adaptive Financial Consulting LLC now owns 2,606 shares of the iPhone maker’s stock worth $339,000 after buying an additional 68 shares in the last quarter. 58.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AAPL. Barclays reiterated an “equal weight” rating and set a $167.00 price objective on shares of Apple in a research note on Tuesday, September 19th. Canaccord Genuity Group boosted their price objective on Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. 58.com reiterated a “maintains” rating on shares of Apple in a research note on Monday, June 5th. Robert W. Baird boosted their price objective on Apple from $180.00 to $204.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Finally, StockNews.com started coverage on Apple in a research note on Thursday, August 17th. They set a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $199.41.

Get Our Latest Analysis on Apple

Apple Stock Up 0.5 %

NASDAQ:AAPL opened at $174.79 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. The stock’s fifty day moving average is $183.37 and its two-hundred day moving average is $176.19. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23. The stock has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.27.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $81.80 billion for the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Research analysts anticipate that Apple Inc. will post 6.05 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, August 11th. Apple’s payout ratio is currently 16.13%.

Insider Activity

In other news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Company Profile

(Free Report)

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.