Clark Estates Inc. NY boosted its position in Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 65,450 shares of the iPhone maker’s stock after purchasing an additional 50 shares during the period. Apple comprises 2.1% of Clark Estates Inc. NY’s holdings, making the stock its 15th largest position. Clark Estates Inc. NY’s holdings in Apple were worth $12,954,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Monument Capital Management boosted its stake in shares of Apple by 2.2% during the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock worth $491,000 after purchasing an additional 53 shares during the period. Rockland Trust Co. lifted its position in shares of Apple by 4.8% in the 2nd quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock worth $4,081,000 after purchasing an additional 948 shares during the period. Asset Dedication LLC lifted its position in shares of Apple by 0.4% in the 2nd quarter. Asset Dedication LLC now owns 19,862 shares of the iPhone maker’s stock worth $3,933,000 after purchasing an additional 79 shares during the period. HWG Holdings LP raised its stake in shares of Apple by 45.5% during the 2nd quarter. HWG Holdings LP now owns 18,403 shares of the iPhone maker’s stock worth $3,642,000 after acquiring an additional 5,752 shares in the last quarter. Finally, Cape ANN Savings Bank raised its stake in shares of Apple by 15.7% during the 2nd quarter. Cape ANN Savings Bank now owns 14,899 shares of the iPhone maker’s stock worth $2,948,000 after acquiring an additional 2,027 shares in the last quarter. 58.77% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on AAPL. Macquarie set a $210.00 price objective on shares of Apple and gave the stock a “hold” rating in a research note on Tuesday. Rosenblatt Securities restated a “sell” rating and set a $150.00 price target on shares of Apple in a research note on Monday, July 8th. Daiwa Capital Markets set a $223.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, August 7th. Credit Suisse Group set a $209.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Finally, Raymond James raised shares of Apple from a “market perform” rating to an “outperform” rating and set a $250.00 price objective on the stock in a report on Thursday, July 18th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $218.18.
In other Apple news, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total value of $951,648.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the transaction, the director now owns 1,150,783 shares of the company’s stock, valued at $232,101,423.27. The disclosure for this sale can be found here. Insiders sold 304,536 shares of company stock valued at $62,894,611 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.
NASDAQ:AAPL traded down $3.51 during mid-day trading on Friday, reaching $219.57. 5,967,149 shares of the stock were exchanged, compared to its average volume of 24,353,276. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The firm has a market capitalization of $979.31 billion, a PE ratio of 18.44, a PEG ratio of 1.79 and a beta of 1.24. The business has a fifty day moving average price of $207.16 and a 200 day moving average price of $196.48.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. During the same period last year, the company posted $2.34 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 11.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 annualized dividend and a yield of 1.40%. Apple’s dividend payout ratio (DPR) is presently 25.86%.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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