Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Dover Advisors LLC

Dover Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,880 shares of the iPhone maker’s stock after selling 1,266 shares during the quarter. Apple comprises approximately 8.2% of Dover Advisors LLC’s portfolio, making the stock its largest holding. Dover Advisors LLC’s holdings in Apple were worth $9,287,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Perennial Advisors LLC lifted its stake in Apple by 7.8% in the 2nd quarter. Perennial Advisors LLC now owns 131,211 shares of the iPhone maker’s stock worth $25,451,000 after purchasing an additional 9,467 shares in the last quarter. Financial Advisors LLC increased its holdings in shares of Apple by 1.5% during the 2nd quarter. Financial Advisors LLC now owns 25,915 shares of the iPhone maker’s stock worth $5,027,000 after buying an additional 377 shares during the last quarter. RFP Financial Group LLC increased its holdings in shares of Apple by 1,005.3% during the 2nd quarter. RFP Financial Group LLC now owns 101,156 shares of the iPhone maker’s stock worth $19,603,000 after buying an additional 92,004 shares during the last quarter. Motive Wealth Advisors increased its holdings in shares of Apple by 2.3% during the 2nd quarter. Motive Wealth Advisors now owns 11,131 shares of the iPhone maker’s stock worth $2,159,000 after buying an additional 248 shares during the last quarter. Finally, Safeguard Investment Advisory Group LLC increased its holdings in shares of Apple by 3.4% during the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 38,269 shares of the iPhone maker’s stock worth $7,424,000 after buying an additional 1,249 shares during the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Apple stock opened at $191.45 on Tuesday. The stock has a market cap of $2.98 trillion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30. The company has a fifty day simple moving average of $177.15 and a 200-day simple moving average of $181.03. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a net margin of 25.31% and a return on equity of 160.78%. The business had revenue of $89.50 billion during the quarter, compared to analysts’ expectations of $89.34 billion. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a $0.24 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.96 dividend on an annualized basis and a yield of 0.50%. Apple’s dividend payout ratio (DPR) is presently 15.69%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Apple in a report on Tuesday, October 31st. TD Cowen raised their price target on shares of Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Piper Sandler raised their price target on shares of Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Tigress Financial lifted their target price on shares of Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday, November 16th. Finally, Canaccord Genuity Group lifted their target price on shares of Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.25.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 65,536 shares of Apple stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the completion of the transaction, the senior vice president now owns 136,445 shares in the company, valued at $23,483,548.95. The disclosure for this sale can be found here. Insiders sold a total of 567,839 shares of company stock valued at $100,675,794 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Company 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.