Harel Insurance Investments & Financial Services Ltd. Has $102.38 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 485,956 shares of the iPhone maker’s stock after acquiring an additional 8,817 shares during the period. Apple makes up approximately 1.9% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 19th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Apple were worth $102,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AAPL. Yeomans Consulting Group Inc. acquired a new stake in shares of Apple during the 4th quarter worth $1,713,000. Raleigh Capital Management Inc. lifted its position in Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares during the period. GLOBALT Investments LLC GA acquired a new stake in Apple during the fourth quarter worth about $38,406,000. Barden Capital Management Inc. increased its holdings in Apple by 132.8% in the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after buying an additional 18,615 shares during the period. Finally, Sunpointe LLC acquired a new position in shares of Apple in the 4th quarter valued at approximately $4,782,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 over the last ninety days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Evercore ISI reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Monday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Thursday. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Tuesday, September 10th. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Raymond James lifted their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Apple Price Performance

Shares of NASDAQ AAPL opened at $228.20 on Friday. The company has a market capitalization of $3.50 trillion, a PE ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The firm has a fifty day simple moving average of $222.41 and a 200 day simple moving average of $199.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period last year, the company posted $1.26 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Apple 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.