Zevin Asset Management LLC Has $30.93 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Zevin Asset Management LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,868 shares of the iPhone maker’s stock after selling 600 shares during the period. Apple accounts for 5.0% of Zevin Asset Management LLC’s portfolio, making the stock its largest holding. Zevin Asset Management LLC’s holdings in Apple were worth $30,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc bought a new stake in shares of Apple during the 1st quarter worth about $35,000. Fidelis Capital Partners LLC raised its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple in the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in Apple during the fourth quarter worth approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’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 directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 458,619 shares of company stock valued at $101,352,630 in the last ninety days. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAPL. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 target price (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Moffett Nathanson began coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $230.00 in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

Apple Trading Up 0.5 %

AAPL stock opened at $226.80 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.48 trillion, a P/E ratio of 35.27, a P/E/G ratio of 2.66 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The business’s 50 day moving average is $222.90 and its 200-day moving average is $204.06.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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 firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

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

About Apple

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.