Apple Inc. (NASDAQ:AAPL) Shares Sold by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,085 shares of the iPhone maker’s stock after selling 3,773 shares during the period. Apple comprises about 6.8% of Valicenti Advisory Services Inc.’s portfolio, making the stock its 3rd biggest position. Valicenti Advisory Services Inc.’s holdings in Apple were worth $25,292,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Rockland Trust Co. increased its position in shares of Apple by 3.5% during the second quarter. Rockland Trust Co. now owns 261,629 shares of the iPhone maker’s stock worth $55,104,000 after acquiring an additional 8,821 shares during the period. Macroview Investment Management LLC boosted its holdings in Apple by 6.9% in the second quarter. Macroview Investment Management LLC now owns 9,649 shares of the iPhone maker’s stock valued at $2,032,000 after purchasing an additional 625 shares during the period. First Bancorp Inc ME grew its stake in Apple by 3.3% during the 2nd quarter. First Bancorp Inc ME now owns 30,201 shares of the iPhone maker’s stock worth $6,361,000 after purchasing an additional 956 shares in the last quarter. Iowa State Bank increased its holdings in Apple by 1.8% during the 2nd quarter. Iowa State Bank now owns 83,106 shares of the iPhone maker’s stock worth $17,504,000 after purchasing an additional 1,431 shares during the period. Finally, Busey Bank raised its position in Apple by 0.8% in the 2nd quarter. Busey Bank now owns 1,025,702 shares of the iPhone maker’s stock valued at $216,033,000 after purchasing an additional 7,805 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. Piper Sandler restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Tuesday, September 10th. Robert W. Baird increased their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley restated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Evercore ISI reiterated an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Monday, September 16th. Finally, Moffett Nathanson initiated coverage on Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 0.8 %

Shares of Apple stock opened at $226.47 on Tuesday. The company has a market cap of $3.47 trillion, a P/E ratio of 35.22, a PEG ratio of 2.62 and a beta of 1.24. The firm has a fifty day moving average of $222.25 and a two-hundred day moving average of $200.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

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.