Apple Inc. (NASDAQ:AAPL) Stock Position Cut by Bill Few Associates Inc.

Bill Few Associates Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,158 shares of the iPhone maker’s stock after selling 838 shares during the period. Apple comprises about 8.0% of Bill Few Associates Inc.’s portfolio, making the stock its biggest position. Bill Few Associates Inc.’s holdings in Apple were worth $12,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AMF Tjanstepension AB purchased a new stake in shares of Apple during the second quarter worth approximately $95,649,000. RPG Investment Advisory LLC increased its stake in shares of Apple by 0.6% during the second quarter. RPG Investment Advisory LLC now owns 132,228 shares of the iPhone maker’s stock worth $18,078,000 after buying an additional 748 shares during the period. Northwest Wealth Management LLC boosted its holdings in Apple by 4.5% in the second quarter. Northwest Wealth Management LLC now owns 40,906 shares of the iPhone maker’s stock valued at $5,593,000 after purchasing an additional 1,747 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Apple by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,435,007 shares of the iPhone maker’s stock valued at $6,758,754,000 after purchasing an additional 1,003,177 shares in the last quarter. Finally, Tri Star Advisors Inc. boosted its holdings in Apple by 1.1% in the second quarter. Tri Star Advisors Inc. now owns 7,634 shares of the iPhone maker’s stock valued at $1,061,000 after purchasing an additional 83 shares in the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 2.0 %

Shares of NASDAQ AAPL opened at $149.35 on Thursday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a market capitalization of $2.40 trillion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. The firm’s 50-day moving average is $152.39 and its two-hundred day moving average is $151.92.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Sanford C. Bernstein set a $170.00 price objective on Apple in a report on Monday, September 12th. Itau BBA Securities initiated coverage on Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Wells Fargo & Company decreased their price objective on Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Barclays decreased their price objective on Apple from $169.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, October 11th. Finally, KeyCorp increased their price objective on Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold 306,087 shares of company stock valued at $47,252,854 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Further Reading

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