OmniStar Financial Group Inc. Has $3.77 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

OmniStar Financial Group Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,916 shares of the iPhone maker’s stock after selling 87 shares during the period. Apple comprises 3.4% of OmniStar Financial Group Inc.’s investment portfolio, making the stock its 4th largest position. OmniStar Financial Group Inc.’s holdings in Apple were worth $3,773,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc bought a new position in shares of Apple in the first quarter worth approximately $35,000. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple in the 4th quarter worth $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in shares of Apple in the fourth quarter valued at about $85,000. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value 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 $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 458,619 shares of company stock valued at $101,352,630. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Wednesday. Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Maxim Group reaffirmed a “hold” rating and issued a $203.00 price target on shares of Apple in a research note on Tuesday, September 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, KeyCorp restated a “hold” rating and issued a $247.61 price objective on shares of Apple in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $238.76.

Apple Stock Performance

Shares of AAPL opened at $226.80 on Friday. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 35.27, a PEG ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The business has a fifty day moving average of $222.90 and a 200 day moving average of $204.06.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 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.