Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Decreases Position in Apple Inc. (NASDAQ:AAPL)

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,396 shares of the iPhone maker’s stock after selling 14,639 shares during the period. Apple comprises approximately 2.2% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s portfolio, making the stock its 11th largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in Apple were worth $24,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fortis Capital Advisors LLC boosted its position in Apple by 6.7% during the 4th quarter. Fortis Capital Advisors LLC now owns 66,866 shares of the iPhone maker’s stock valued at $12,874,000 after buying an additional 4,178 shares during the period. Wilson & Boucher Capital Management LLC raised its stake in shares of Apple by 5.0% during the fourth quarter. Wilson & Boucher Capital Management LLC now owns 38,792 shares of the iPhone maker’s stock valued at $7,469,000 after acquiring an additional 1,848 shares during the last quarter. Act Two Investors LLC raised its stake in shares of Apple by 7.1% during the fourth quarter. Act Two Investors LLC now owns 97,097 shares of the iPhone maker’s stock valued at $18,694,000 after acquiring an additional 6,445 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Apple by 67.1% during the fourth quarter. Cape Investment Advisory Inc. now owns 28,298 shares of the iPhone maker’s stock worth $5,448,000 after purchasing an additional 11,367 shares during the period. Finally, DSM Capital Partners LLC bought a new stake in shares of Apple in the fourth quarter worth about $568,000. 60.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 458,619 shares of company stock valued at $101,352,630. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Thursday. Melius Research restated a “buy” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. The Goldman Sachs Group lifted their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Finally, New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $238.76.

Apple Trading Up 0.5 %

NASDAQ:AAPL opened at $226.80 on Friday. The stock has a market cap of $3.48 trillion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.66 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. The company’s 50 day moving average price is $222.90 and its 200-day moving average price is $204.06. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating 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 business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same period last year, the business posted $1.26 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

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