Apple Inc. (NASDAQ:AAPL) Shares Sold by Fogel Capital Management Inc.

Fogel Capital Management Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,864 shares of the iPhone maker’s stock after selling 78 shares during the period. Apple makes up about 2.2% of Fogel Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Fogel Capital Management Inc.’s holdings in Apple were worth $4,184,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC increased its stake in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in Apple during the 1st quarter valued at $140,000. Hoese & Co LLP increased its position in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares in the last quarter. Sage Financial Group Inc. purchased a new stake in shares of Apple in the second quarter valued at $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple during the 2nd quarter worth about $208,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In related 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 value 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 approximately $39,542,136.92. 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 is accessible through this link. In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 of the company’s stock, valued at $39,542,136.92. 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 valued at $114,786,399 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $231.41 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a market capitalization of $3.55 trillion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. 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 firm has a fifty day simple moving average of $226.86 and a 200-day simple moving average of $210.64.

Apple (NASDAQ:AAPL) last announced its 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. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period last year, the firm earned $1.26 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAPL. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Loop Capital increased their price target on Apple to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Robert W. Baird increased their target price on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $235.91.

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.