Godsey & Gibb Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,119 shares of the iPhone maker’s stock after selling 7,414 shares during the quarter. Apple accounts for approximately 3.8% of Godsey & Gibb Inc.’s investment portfolio, making the stock its biggest position. Godsey & Gibb Inc.’s holdings in Apple were worth $33,386,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Moneta Group Investment Advisors LLC raised its position in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Norges Bank acquired a new stake in shares of Apple during the 4th quarter worth about $21,746,940,000. Morgan Stanley raised its position in shares of Apple by 14.2% during the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Berkshire Hathaway Inc raised its position in shares of 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 acquiring an additional 20,424,207 shares in the last quarter. Finally, Providence Capital Advisors LLC raised its position in shares of Apple by 16,638.6% during the 1st quarter. Providence Capital Advisors LLC now owns 15,593,974 shares of the iPhone maker’s stock worth $94,566,000 after acquiring an additional 15,500,812 shares in the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AAPL has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Apple in a research report on Thursday, September 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a $220.00 price target on shares of Apple in a research report on Friday, September 15th. The Goldman Sachs Group cut their price target on Apple from $222.00 to $216.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. TD Cowen lifted their price target on Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Apple in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.08.
Insider Transactions at Apple
In other news, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the transaction, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at $19,237,944.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the transaction, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at $19,237,944.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The disclosure for this sale can be found here. Insiders sold a total of 455,004 shares of company stock valued at $79,238,767 over the last three months. 0.06% of the stock is currently owned by insiders.
Apple Stock Up 0.3 %
AAPL opened at $170.77 on Wednesday. The business’s fifty day moving average is $177.09 and its two-hundred day moving average is $179.31. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $2.67 trillion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.33 and a beta of 1.28. Apple Inc. has a one year low of $124.17 and a one year high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.04 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s dividend payout ratio (DPR) is 16.13%.
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.
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