Valley Brook Capital Group Inc. Has $10.63 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Valley Brook Capital Group Inc. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,449 shares of the iPhone maker’s stock after acquiring an additional 75 shares during the quarter. Apple makes up approximately 8.3% of Valley Brook Capital Group Inc.’s holdings, making the stock its 2nd biggest position. Valley Brook Capital Group Inc.’s holdings in Apple were worth $10,625,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Yeomans Consulting Group Inc. acquired a new stake in shares of Apple in the 4th quarter valued at approximately $1,713,000. Raleigh Capital Management Inc. boosted its holdings in shares of Apple by 11.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after buying an additional 1,643 shares during the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of Apple in the 4th quarter valued at approximately $38,406,000. Barden Capital Management Inc. boosted its holdings in shares of 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 last quarter. Finally, Sunpointe LLC acquired a new stake in shares of Apple in the 4th quarter valued at approximately $4,782,000. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction dated 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 sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 458,619 shares of company stock worth $101,352,630 over the last 90 days. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AAPL shares. Robert W. Baird increased their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Moffett Nathanson assumed coverage on Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.76.

Apple Stock Up 0.5 %

Shares of NASDAQ AAPL opened at $226.80 on Friday. 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 52 week low of $164.07 and a 52 week high of $237.23. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 35.27, a PEG ratio of 2.66 and a beta of 1.24. The stock’s fifty day moving average is $222.90 and its 200 day moving average is $204.06.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

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