Boyar Asset Management Inc. Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Boyar Asset Management Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,071 shares of the iPhone maker’s stock after selling 60 shares during the period. Boyar Asset Management Inc.’s holdings in Apple were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Aprio Wealth Management LLC raised its holdings in shares of Apple by 37.0% during the first quarter. Aprio Wealth Management LLC now owns 34,696 shares of the iPhone maker’s stock valued at $5,950,000 after acquiring an additional 9,369 shares in the last quarter. Threadgill Financial LLC boosted its position in shares of Apple by 15.2% during the first quarter. Threadgill Financial LLC now owns 10,985 shares of the iPhone maker’s stock valued at $1,884,000 after purchasing an additional 1,452 shares in the last quarter. Atwood & Palmer Inc. boosted its position in shares of Apple by 0.7% during the first quarter. Atwood & Palmer Inc. now owns 128,916 shares of the iPhone maker’s stock valued at $22,107,000 after purchasing an additional 929 shares in the last quarter. Fragasso Group Inc. grew its stake in Apple by 2.4% in the first quarter. Fragasso Group Inc. now owns 287,606 shares of the iPhone maker’s stock worth $49,319,000 after purchasing an additional 6,795 shares during the period. Finally, Buckingham Capital Management Inc. raised its holdings in Apple by 3.6% in the first quarter. Buckingham Capital Management Inc. now owns 186,336 shares of the iPhone maker’s stock worth $31,953,000 after purchasing an additional 6,454 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $235.86 on Wednesday. The company’s 50 day moving average is $226.46 and its 200 day moving average is $209.33. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a market cap of $3.62 trillion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is currently 15.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. Piper Sandler Companies restated a “neutral” rating and set a $225.00 target price (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Oppenheimer reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Cfra boosted their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Loop Capital raised their price objective on Apple to $300.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.