Apple Inc. (NASDAQ:AAPL) Stock Holdings Lowered by Abbot Financial Management Inc.

Abbot Financial Management Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,511 shares of the iPhone maker’s stock after selling 897 shares during the quarter. Apple accounts for 6.4% of Abbot Financial Management Inc.’s portfolio, making the stock its 2nd largest position. Abbot Financial Management Inc.’s holdings in Apple were worth $11,902,000 as of its most recent filing with the Securities and Exchange Commission.

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

Apple Stock Down 0.4 %

NASDAQ:AAPL opened at $222.01 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a 50-day simple moving average of $227.07 and a 200 day simple moving average of $213.03. The company has a market cap of $3.38 trillion, a PE ratio of 36.51, a PEG ratio of 2.41 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 145.09% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the company earned $1.46 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.48 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Tigress Financial raised their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Rosenblatt Securities increased their target price on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday. Maxim Group raised their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday. Finally, Piper Sandler Companies reiterated a “neutral” rating and issued a $225.00 price target (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Insider Activity at Apple

In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,924 shares of company stock worth $94,142,399 in the last 90 days. Corporate 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.