Apple Inc. (NASDAQ:AAPL) Stock Position Lowered by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,985 shares of the iPhone maker’s stock after selling 8,798 shares during the period. Apple accounts for 5.4% of Jaffetilchin Investment Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Jaffetilchin Investment Partners LLC’s holdings in Apple were worth $63,604,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC boosted its position in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple in the 4th quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares during the period. Clarity Asset Management Inc. purchased a new stake in shares of Apple during the fourth quarter valued at approximately $85,000. Finally, Clear Street Markets LLC boosted its position in Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 83,965 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $229.04 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The company has a market cap of $3.51 trillion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.66 and a beta of 1.24. The business has a 50 day moving average price of $223.25 and a 200 day moving average price of $205.14. 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 (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Apple’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price target on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 price target (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. The Goldman Sachs Group lifted their price objective on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp reiterated a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and increased their price objective for the company from $205.00 to $212.92 in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 $39,542,136.92. 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 517,924 shares of company stock valued at $114,786,399 over the last three months. 0.06% of the stock is owned by corporate insiders.

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.