Apple Inc. (NASDAQ:AAPL) Holdings Lifted by SYM FINANCIAL Corp

SYM FINANCIAL Corp grew its position in Apple Inc. (NASDAQ:AAPL) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,626 shares of the iPhone maker’s stock after purchasing an additional 1,695 shares during the period. Apple makes up approximately 0.9% of SYM FINANCIAL Corp’s holdings, making the stock its 12th biggest position. SYM FINANCIAL Corp’s holdings in Apple were worth $6,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bull Oak Capital LLC raised its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple during the third quarter worth approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AAPL shares. Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley raised their price target on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st. UBS Group restated a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Finally, Evercore ISI raised their price objective on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $227.63 on Monday. The firm has a market cap of $3.42 trillion, a P/E ratio of 36.13, a PEG ratio of 2.32 and a beta of 1.20. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a 50 day simple moving average of $241.26 and a two-hundred day simple moving average of $231.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.