Apple Inc. (NASDAQ:AAPL) is Matthew 25 Management Corp’s 6th Largest Position

Matthew 25 Management Corp lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,500 shares of the iPhone maker’s stock after selling 22,500 shares during the quarter. Apple comprises 5.1% of Matthew 25 Management Corp’s portfolio, making the stock its 6th biggest holding. Matthew 25 Management Corp’s holdings in Apple were worth $18,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Milestone Resources Group Ltd grew its position in shares of Apple by 57.7% in the second quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock valued at $30,000 after purchasing an additional 79 shares in the last quarter. Prentiss Smith & Co. Inc. grew its position in shares of Apple by 4.7% in the first quarter. Prentiss Smith & Co. Inc. now owns 1,800 shares of the iPhone maker’s stock valued at $220,000 after purchasing an additional 80 shares in the last quarter. Salzhauer Michael grew its position in shares of Apple by 2.6% in the second quarter. Salzhauer Michael now owns 3,120 shares of the iPhone maker’s stock valued at $427,000 after purchasing an additional 80 shares in the last quarter. Smart Money Group LLC grew its position in shares of Apple by 2.6% in the second quarter. Smart Money Group LLC now owns 3,170 shares of the iPhone maker’s stock valued at $421,000 after purchasing an additional 81 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC lifted its holdings in Apple by 0.3% in the second quarter. Joseph P. Lucia & Associates LLC now owns 28,924 shares of the iPhone maker’s stock valued at $3,962,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 56.38% of the company’s stock.

In other news, SVP Deirdre O’brien sold 14,877 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $145.99, for a total value of $2,171,893.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 2,386,440 shares of the stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total transaction of $354,577,255.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,673,583 shares of company stock valued at $394,667,857. Company insiders own 0.06% of the company’s stock.

A number of research firms recently commented on AAPL. Sanford C. Bernstein reiterated a “hold” rating and issued a $132.00 price objective on shares of Apple in a report on Tuesday, August 10th. Fundamental Research upped their price target on Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Piper Sandler upped their price target on Apple from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating and set a $171.00 price target on the stock. in a research note on Monday, July 26th. Finally, Wedbush restated a “buy” rating and set a $185.00 price target on shares of Apple in a research note on Friday, September 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $164.41.

NASDAQ AAPL traded up $2.59 on Thursday, hitting $143.50. The stock had a trading volume of 2,233,465 shares, compared to its average volume of 90,397,281. Apple Inc. has a one year low of $107.32 and a one year high of $157.26. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 1.65. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.10 and a beta of 1.20. The company’s 50-day moving average is $147.30 and its two-hundred day moving average is $138.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.29. The company had revenue of $81.40 billion during the quarter, compared to analyst estimates of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 5.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, August 6th. Apple’s dividend payout ratio is currently 26.83%.

About Apple

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Featured Article: Should You Consider an Index Fund?

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.