VAUGHAN & Co SECURITIES INC. Has $2.43 Million Position in Apple Inc. (NASDAQ:AAPL)

VAUGHAN & Co SECURITIES INC. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,558 shares of the iPhone maker’s stock after selling 1,058 shares during the quarter. Apple makes up 1.5% of VAUGHAN & Co SECURITIES INC.’s portfolio, making the stock its 11th largest position. VAUGHAN & Co SECURITIES INC.’s holdings in Apple were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AAPL. MayTech Global Investments LLC boosted its position in shares of Apple by 3.7% in the 4th quarter. MayTech Global Investments LLC now owns 166,262 shares of the iPhone maker’s stock worth $32,010,000 after purchasing an additional 5,980 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Apple by 6.8% in the fourth quarter. Cohen & Steers Inc. now owns 12,033 shares of the iPhone maker’s stock valued at $2,317,000 after buying an additional 763 shares during the period. Coatue Management LLC bought a new position in Apple during the fourth quarter worth about $470,614,000. Clear Street Markets LLC grew its position in shares of Apple by 100.6% during the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after buying an additional 83,965 shares during the period. Finally, Brevan Howard Capital Management LP increased its stake in shares of Apple by 553.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 48,608 shares of the iPhone maker’s stock valued at $9,358,000 after acquiring an additional 41,169 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on 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 transaction, the senior vice president now owns 191,543 shares in the company, 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 hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents 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 worth $114,786,399 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $229.04 on Friday. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The firm has a market capitalization 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 stock has a fifty day moving average of $223.25 and a 200 day moving average of $205.14.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, research analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. Cfra boosted their price objective on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Erste Group Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Raymond James lifted their target price on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday. Finally, TD Cowen lifted their price objective on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.27.

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.