Apple Inc. (NASDAQ:AAPL) Stock Position Increased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp raised its position in Apple Inc. (NASDAQ:AAPL) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,878 shares of the iPhone maker’s stock after buying an additional 1,066 shares during the period. Apple comprises 4.5% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 3rd biggest position. UNIVEST FINANCIAL Corp’s holdings in Apple were worth $16,192,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. SFE Investment Counsel increased its position in shares of Apple by 1.3% in the second quarter. SFE Investment Counsel now owns 87,071 shares of the iPhone maker’s stock valued at $18,339,000 after buying an additional 1,078 shares in the last quarter. Howard Capital Management Inc. grew its stake in Apple by 0.6% in the 2nd quarter. Howard Capital Management Inc. now owns 16,446 shares of the iPhone maker’s stock valued at $3,464,000 after acquiring an additional 95 shares during the period. Flynn Zito Capital Management LLC increased its holdings in Apple by 0.5% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 80,262 shares of the iPhone maker’s stock worth $16,905,000 after acquiring an additional 374 shares in the last quarter. Addison Advisors LLC increased its holdings in Apple by 1.3% in the 2nd quarter. Addison Advisors LLC now owns 28,725 shares of the iPhone maker’s stock worth $6,050,000 after acquiring an additional 382 shares in the last quarter. Finally, Artemis Wealth Advisors LLC raised its position in Apple by 24.7% during the second quarter. Artemis Wealth Advisors LLC now owns 48,809 shares of the iPhone maker’s stock worth $10,280,000 after acquiring an additional 9,680 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Down 0.3 %

NASDAQ AAPL opened at $235.86 on Wednesday. The firm’s fifty day moving average price is $226.46 and its 200 day moving average price is $209.33. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The business 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 quarter in the previous year, the firm earned $1.26 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price target (up from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Robert W. Baird increased their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Raymond James boosted 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. Loop Capital increased their price target on Apple to $300.00 and gave the company a “buy” rating in a report on Monday. Finally, Piper Sandler reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

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 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 in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’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 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 517,924 shares of company stock worth $114,786,399. 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.