Apple Inc. (NASDAQ:AAPL) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,987 shares of the iPhone maker’s stock after selling 80 shares during the quarter. Apple makes up about 1.6% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 17th largest position. Fidelity D & D Bancorp Inc.’s holdings in Apple were worth $2,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sivia Capital Partners LLC grew its holdings in Apple by 1.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 39,416 shares of the iPhone maker’s stock valued at $8,302,000 after buying an additional 379 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Apple by 2.0% in the second quarter. Lake Street Advisors Group LLC now owns 213,493 shares of the iPhone maker’s stock valued at $44,966,000 after acquiring an additional 4,150 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its stake in shares of Apple by 22.5% during the second quarter. Sustainable Insight Capital Management LLC now owns 77,801 shares of the iPhone maker’s stock valued at $16,386,000 after acquiring an additional 14,300 shares during the last quarter. Opes Wealth Management LLC increased its position in Apple by 30.4% during the 2nd quarter. Opes Wealth Management LLC now owns 630,263 shares of the iPhone maker’s stock worth $132,746,000 after purchasing an additional 147,115 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp raised its stake in Apple by 1.4% in the 2nd quarter. UNIVEST FINANCIAL Corp now owns 76,878 shares of the iPhone maker’s stock valued at $16,192,000 after purchasing an additional 1,066 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.3 %

Shares of AAPL stock opened at $235.86 on Wednesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a 50-day simple moving average of $226.46 and a 200 day simple moving average of $209.33. The stock has a market capitalization of $3.62 trillion, a P/E ratio of 36.68, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating 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 company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The business 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. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group reaffirmed a “hold” rating and set a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Moffett Nathanson assumed coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Citigroup reiterated a “buy” rating and set a $255.00 target price on shares of Apple in a research report on Wednesday, October 2nd. Finally, TD Cowen raised their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.27.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were 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 directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was 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 hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 in the last quarter. Company insiders own 0.06% of the company’s stock.

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.