Hall Private Wealth Advisors trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,924 shares of the iPhone maker’s stock after selling 2,987 shares during the quarter. Apple comprises about 8.3% of Hall Private Wealth Advisors’ portfolio, making the stock its 2nd biggest position. Hall Private Wealth Advisors’ holdings in Apple were worth $15,309,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Vanguard Group Inc. increased its holdings in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc increased its holdings in Apple by 2.3% during the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after purchasing an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC increased its holdings in Apple by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after purchasing an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.
Apple Stock Up 0.7 %
AAPL opened at $173.66 on Thursday. The stock has a market cap of $2.72 trillion, a PE ratio of 29.19, a P/E/G ratio of 2.33 and a beta of 1.28. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23. The business’s fifty day simple moving average is $179.99 and its 200 day simple moving average is $177.49.
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 dividend of $0.24 per share. The ex-dividend date was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is currently 16.13%.
Analyst Ratings Changes
AAPL has been the subject of several recent analyst reports. Piper Jaffray Companies upped their target price on Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Apple in a report on Friday, September 15th. Wedbush upped their target price on Apple from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 13th. TD Cowen upped their target price on Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Finally, Raymond James upped their target price on Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $200.54.
Get Our Latest Stock Report on Apple
Insider Activity
In other news, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of the sale, the chief executive officer now directly owns 3,280,053 shares in the company, valued at $565,809,142.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,524 shares of company stock valued at $55,530,770. 0.06% of the stock is currently owned by insiders.
About Apple
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.
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