Apple Inc. (NASDAQ:AAPL) is Cross Staff Investments Inc’s Largest Position

Cross Staff Investments Inc reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,548 shares of the iPhone maker’s stock after selling 232 shares during the period. Apple accounts for about 7.8% of Cross Staff Investments Inc’s investment portfolio, making the stock its largest holding. Cross Staff Investments Inc’s holdings in Apple were worth $9,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allied Investment Advisors LLC boosted its stake in Apple by 2.7% during the 1st quarter. Allied Investment Advisors LLC now owns 82,976 shares of the iPhone maker’s stock valued at $14,229,000 after purchasing an additional 2,166 shares during the last quarter. Capital CS Group LLC boosted its stake in Apple by 111.6% in the 1st quarter. Capital CS Group LLC now owns 4,762 shares of the iPhone maker’s stock worth $817,000 after purchasing an additional 45,729 shares during the period. First Affirmative Financial Network increased its holdings in Apple by 8.4% in the 1st quarter. First Affirmative Financial Network now owns 21,997 shares of the iPhone maker’s stock valued at $3,772,000 after acquiring an additional 1,700 shares during the last quarter. Ballew Advisors Inc boosted its holdings in shares of Apple by 2.5% during the 1st quarter. Ballew Advisors Inc now owns 7,842 shares of the iPhone maker’s stock valued at $1,316,000 after purchasing an additional 191 shares during the last quarter. Finally, Meyer Handelman Co. boosted its position in shares of Apple by 16.0% during the 1st quarter. Meyer Handelman Co. now owns 604,207 shares of the iPhone maker’s stock valued at $103,609,000 after acquiring an additional 83,222 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. 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 worth $114,786,399 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. New Street Research reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group downgraded 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 research note on Monday, October 7th. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Citigroup increased their target price on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.27.

Apple Stock Down 2.2 %

Shares of AAPL opened at $230.76 on Thursday. The company has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock’s 50-day moving average price is $226.64 and its 200-day moving average price is $209.48. 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 released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share 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 analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders 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 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is 15.55%.

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.