Signet Investment Advisory Group Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,019 shares of the iPhone maker’s stock after selling 1,193 shares during the quarter. Apple comprises approximately 4.7% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 5th biggest position. Signet Investment Advisory Group Inc.’s holdings in Apple were worth $7,181,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. IFM Investors Pty Ltd boosted its stake in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the period. Ironwood Wealth Management LLC. boosted its stake in Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the period. Markel Corp boosted its stake in Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the period. Camden Capital LLC boosted its stake in Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC boosted its stake in Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the period. 58.51% of the stock is owned by hedge funds and other institutional investors.
Apple Stock Performance
Shares of Apple stock opened at $178.85 on Friday. The stock’s fifty day moving average price is $178.04 and its 200-day moving average price is $178.32. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The firm has a market cap of $2.80 trillion, a P/E ratio of 30.06, a P/E/G ratio of 2.40 and a beta of 1.28.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is presently 16.13%.
Insiders Place Their Bets
In other Apple 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 completion of the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple 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 completion of the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 of the company’s stock, valued at approximately $565,809,142.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 455,004 shares of company stock valued at $79,238,767. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently commented on AAPL. Barclays reiterated an “equal weight” rating and set a $167.00 target price on shares of Apple in a research report on Monday, October 9th. Evercore ISI reiterated an “outperform” rating and set a $210.00 target price on shares of Apple in a research report on Thursday, September 28th. Tigress Financial increased their target price on Apple from $210.00 to $225.00 in a research report on Friday, June 23rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $195.00 target price on shares of Apple in a research report on Monday, October 9th. Finally, Raymond James increased their target price on Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.54.
Check Out Our Latest Stock Report on AAPL
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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