Oppenheimer & Co. Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,711 shares of the iPhone maker's stock after selling 77,854 shares during the period. Apple makes up 3.8% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 2nd biggest position. Oppenheimer & Co. Inc.'s holdings in Apple were worth $250,874,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AAPL. Lantz Financial LLC grew its holdings in shares of Apple by 8.6% during the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker's stock worth $6,266,000 after buying an additional 2,361 shares in the last quarter. Fifth Third Bancorp boosted its position in Apple by 0.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,202,902 shares of the iPhone maker's stock worth $1,306,455,000 after acquiring an additional 48,719 shares during the last quarter. Oak Harvest Investment Services grew its stake in shares of Apple by 3.1% during the 2nd quarter. Oak Harvest Investment Services now owns 124,883 shares of the iPhone maker's stock worth $26,303,000 after acquiring an additional 3,727 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Apple by 5.6% in the second quarter. Centennial Wealth Advisory LLC now owns 28,773 shares of the iPhone maker's stock valued at $6,060,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Geneva Partners LLC lifted its position in shares of Apple by 2,181.9% in the second quarter. Geneva Partners LLC now owns 63,826 shares of the iPhone maker's stock worth $13,443,000 after purchasing an additional 61,029 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Apple
In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Wall Street Analyst Weigh In
AAPL has been the topic of a number of recent research reports. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Citigroup increased their price objective on Apple to $185.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Piper Sandler restated a "neutral" rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Morgan Stanley reiterated an "overweight" rating and issued a $273.00 price target on shares of Apple in a research note on Friday, December 13th. Finally, Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $238.02.
View Our Latest Report on Apple
Apple Price Performance
AAPL traded down $7.34 on Tuesday, hitting $222.64. 97,741,716 shares of the stock were exchanged, compared to its average volume of 54,004,285. 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 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.25 and a beta of 1.20. The business has a 50-day moving average of $241.12 and a two-hundred day moving average of $230.85.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple's payout ratio is 16.45%.
About Apple
(
Free Report)
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.
Recommended Stories
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
