Ingalls & Snyder LLC Sells 5,388 Shares of Apple Inc. (NASDAQ:AAPL)

Ingalls & Snyder LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,439 shares of the iPhone maker’s stock after selling 5,388 shares during the period. Apple makes up 4.0% of Ingalls & Snyder LLC’s portfolio, making the stock its 5th biggest position. Ingalls & Snyder LLC’s holdings in Apple were worth $92,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. J. W. Coons Advisors LLC increased its stake in Apple by 1.4% during the 2nd quarter. J. W. Coons Advisors LLC now owns 123,687 shares of the iPhone maker’s stock valued at $26,051,000 after buying an additional 1,660 shares during the period. Wealth Alliance Advisory Group LLC boosted its position in shares of Apple by 0.5% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 51,847 shares of the iPhone maker’s stock valued at $10,920,000 after purchasing an additional 283 shares in the last quarter. IFG Advisory LLC boosted its position in shares of Apple by 1.5% during the 2nd quarter. IFG Advisory LLC now owns 147,266 shares of the iPhone maker’s stock valued at $31,017,000 after purchasing an additional 2,235 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Apple by 2.1% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 213,913 shares of the iPhone maker’s stock valued at $45,055,000 after purchasing an additional 4,489 shares in the last quarter. Finally, Private Ocean LLC boosted its position in shares of Apple by 571.3% during the 2nd quarter. Private Ocean LLC now owns 160,112 shares of the iPhone maker’s stock valued at $33,723,000 after purchasing an additional 136,260 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction 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 $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.7 %

NASDAQ:AAPL opened at $227.55 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 2.40 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $223.62 and its 200-day moving average is $205.70.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAPL shares. UBS Group raised their price objective on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and raised their price objective for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their target price on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Apple Company 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.