Delphi Management Inc. MA Has $2.67 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Delphi Management Inc. MA lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,679 shares of the iPhone maker’s stock after selling 143 shares during the quarter. Apple accounts for about 2.2% of Delphi Management Inc. MA’s portfolio, making the stock its 2nd biggest position. Delphi Management Inc. MA’s holdings in Apple were worth $2,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter worth about $42,000. Access Investment Management LLC bought a new position in Apple in the 1st quarter valued at about $140,000. Hoese & Co LLP increased its position in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC bought a new position in Apple during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,040 shares of company stock worth $91,062,512. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. Oppenheimer restated a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research report on Friday, October 25th. UBS Group raised their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, Raymond James lifted their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.51.

Apple Stock Performance

NASDAQ AAPL opened at $225.00 on Friday. The company’s 50 day simple moving average is $227.04 and its two-hundred day simple moving average is $215.96. The stock has a market capitalization of $3.40 trillion, a PE ratio of 37.01, a P/E/G ratio of 2.21 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. Analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.