Apple Inc. (NASDAQ:AAPL) is High Falls Advisors Inc’s 9th Largest Position

High Falls Advisors Inc grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,733 shares of the iPhone maker’s stock after purchasing an additional 416 shares during the period. Apple comprises about 2.8% of High Falls Advisors Inc’s portfolio, making the stock its 9th biggest position. High Falls Advisors Inc’s holdings in Apple were worth $11,528,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AAPL. Regal Investment Advisors LLC boosted its holdings in Apple by 1.5% in the second quarter. Regal Investment Advisors LLC now owns 142,682 shares of the iPhone maker’s stock valued at $30,052,000 after purchasing an additional 2,049 shares during the period. Invst LLC raised its position in Apple by 8.3% in the 2nd quarter. Invst LLC now owns 53,968 shares of the iPhone maker’s stock valued at $11,698,000 after purchasing an additional 4,154 shares in the last quarter. Second Line Capital LLC boosted its stake in shares of Apple by 5.6% in the 2nd quarter. Second Line Capital LLC now owns 24,172 shares of the iPhone maker’s stock valued at $5,091,000 after buying an additional 1,284 shares during the period. Wallace Advisory Group LLC grew its position in shares of Apple by 14.4% during the second quarter. Wallace Advisory Group LLC now owns 14,731 shares of the iPhone maker’s stock worth $3,103,000 after buying an additional 1,855 shares in the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in shares of Apple during the second quarter worth approximately $377,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,040 shares of company stock worth $91,062,512. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAPL. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Loop Capital cut their target price on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and upped their target price for the company from $205.00 to $212.92 in a report on Monday, October 7th. Finally, TD Cowen boosted their target price on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.51.

Apple Stock Down 1.4 %

Shares of NASDAQ AAPL opened at $225.00 on Friday. The stock has a fifty day moving average price of $226.96 and a 200 day moving average price of $215.60. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a market cap of $3.40 trillion, a P/E ratio of 37.01, a P/E/G ratio of 2.21 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Apple Profile

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.