Inspirion Wealth Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,147 shares of the iPhone maker’s stock after selling 374 shares during the quarter. Apple makes up about 1.2% of Inspirion Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Inspirion Wealth Advisors LLC’s holdings in Apple were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. B. Riley Financial Inc. boosted its position in shares of Apple by 27.6% during the first quarter. B. Riley Financial Inc. now owns 17,412 shares of the iPhone maker’s stock worth $2,921,000 after buying an additional 3,770 shares during the period. Roof Advisory Group Inc. boosted its position in shares of Apple by 44.0% during the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after buying an additional 12,930 shares during the period. Mizuho Securities USA LLC acquired a new position in shares of Apple during the first quarter worth about $1,477,000. Viridian Ria LLC acquired a new position in shares of Apple during the first quarter worth about $525,000. Finally, Turim 21 Investimentos Ltda. boosted its position in shares of Apple by 5.1% during the first quarter. Turim 21 Investimentos Ltda. now owns 59,421 shares of the iPhone maker’s stock worth $9,970,000 after buying an additional 2,906 shares during the period. 58.44% of the stock is currently owned by institutional investors.
AAPL traded down $1.46 during midday trading on Thursday, hitting $208.49. 25,294,327 shares of the company were exchanged, compared to its average volume of 32,191,488. The company has a market capitalization of $1,001.56 billion, a PE ratio of 17.51, a PEG ratio of 1.46 and a beta of 1.26. Apple Inc. has a 1-year low of $150.24 and a 1-year high of $233.47. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. During the same period last year, the company posted $2.07 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 13.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 12th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.
Several research analysts have recently weighed in on the company. BidaskClub cut Apple from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Morgan Stanley reissued a “buy” rating and set a $247.00 price target on shares of Apple in a research report on Wednesday, September 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $272.00 price target on shares of Apple in a research report on Wednesday, October 10th. Royal Bank of Canada reissued a “buy” rating and set a $240.00 price target on shares of Apple in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co set a $210.00 price objective on Apple and gave the company a “neutral” rating in a research report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $224.27.
In related news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total value of $5,816,500.00. Following the completion of the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at approximately $24,554,471.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Johny Srouji sold 14,140 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $214.98, for a total value of $3,039,817.20. Following the completion of the sale, the insider now directly owns 68,302 shares of the company’s stock, valued at $14,683,563.96. The disclosure for this sale can be found here. Insiders sold a total of 480,737 shares of company stock valued at $107,157,170 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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