Apple Inc. (NASDAQ:AAPL) Shares Sold by Hudock Inc.

Hudock Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,357 shares of the iPhone maker’s stock after selling 82 shares during the period. Apple comprises approximately 1.3% of Hudock Inc.’s holdings, making the stock its 18th biggest holding. Hudock Inc.’s holdings in Apple were worth $7,236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. First Business Financial Services Inc. increased its holdings in Apple by 1.6% during the 2nd quarter. First Business Financial Services Inc. now owns 52,686 shares of the iPhone maker’s stock worth $11,097,000 after purchasing an additional 834 shares during the last quarter. SouthState Corp grew its holdings in Apple by 1.2% during the 2nd quarter. SouthState Corp now owns 295,296 shares of the iPhone maker’s stock worth $62,195,000 after acquiring an additional 3,645 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of Apple by 6.1% in the 2nd quarter. Hohimer Wealth Management LLC now owns 39,126 shares of the iPhone maker’s stock worth $8,241,000 after purchasing an additional 2,254 shares during the last quarter. Nottingham Advisors Inc. raised its stake in shares of Apple by 23.8% in the 2nd quarter. Nottingham Advisors Inc. now owns 22,070 shares of the iPhone maker’s stock valued at $4,648,000 after purchasing an additional 4,237 shares in the last quarter. Finally, Chase Investment Counsel Corp lifted its position in shares of Apple by 795.4% during the second quarter. Chase Investment Counsel Corp now owns 34,696 shares of the iPhone maker’s stock worth $7,705,000 after purchasing an additional 30,821 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction 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 owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was 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 company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, 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 have sold 517,924 shares of company stock valued at $114,786,399 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $235.00 on Monday. 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 company has a 50-day moving average of $225.78 and a 200-day moving average of $208.38. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm has a market cap of $3.60 trillion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

Analysts Set New Price Targets

Several analysts recently weighed in on AAPL shares. Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Wedbush reiterated an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Citigroup restated a “buy” rating and set a $255.00 price objective on shares of Apple in a research note on Wednesday, October 2nd. Tigress Financial lifted their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. 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 stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price 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.