Apple Inc. (NASDAQ:AAPL) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,887 shares of the iPhone maker’s stock after selling 600 shares during the quarter. Bank Hapoalim BM’s holdings in Apple were worth $8,612,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AAPL. Elser Financial Planning Inc acquired a new stake in shares of Apple during the 2nd quarter valued at approximately $5,271,000. Fifth Third Wealth Advisors LLC increased its stake in Apple by 174.4% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 243,613 shares of the iPhone maker’s stock valued at $51,310,000 after purchasing an additional 154,841 shares in the last quarter. Orgel Wealth Management LLC raised its holdings in Apple by 4.4% during the second quarter. Orgel Wealth Management LLC now owns 8,495 shares of the iPhone maker’s stock worth $1,789,000 after purchasing an additional 359 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in Apple by 16.5% during the second quarter. Iron Horse Wealth Management LLC now owns 4,571 shares of the iPhone maker’s stock worth $963,000 after purchasing an additional 647 shares during the last quarter. Finally, Legacy CG LLC boosted its position in Apple by 7.1% during the second quarter. Legacy CG LLC now owns 25,191 shares of the iPhone maker’s stock worth $5,306,000 after purchasing an additional 1,670 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Rosenblatt Securities restated a “buy” rating and issued a $261.00 price target on shares of Apple in a research report on Tuesday, September 10th. Morgan Stanley restated an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Raymond James upped their price target on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. TD Cowen increased their price target on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Maxim Group restated a “hold” rating and set a $203.00 price objective on shares of Apple in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

Apple Stock Down 0.3 %

Shares of NASDAQ:AAPL opened at $228.20 on Monday. The company has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. The company has a 50 day moving average of $222.41 and a two-hundred day moving average of $200.41. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. 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 results 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 business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period last year, the business earned $1.26 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 6.7 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio 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.