Stuart Chaussee & Associates Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,324 shares of the iPhone maker’s stock after purchasing an additional 165 shares during the quarter. Apple comprises 0.2% of Stuart Chaussee & Associates Inc.’s holdings, making the stock its 20th biggest position. Stuart Chaussee & Associates Inc.’s holdings in Apple were worth $262,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AAPL. Monument Capital Management grew its position 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 buying an additional 53 shares during the period. Pictet North America Advisors SA grew its position in shares of Apple by 3.3% during the 2nd quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock worth $25,932,000 after buying an additional 4,170 shares during the period. Rockland Trust Co. grew its position in shares of Apple by 4.8% during the 2nd quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock worth $4,081,000 after buying an additional 948 shares during the period. Asset Dedication LLC grew its position in shares of Apple by 0.4% during the 2nd quarter. Asset Dedication LLC now owns 19,862 shares of the iPhone maker’s stock worth $3,933,000 after buying an additional 79 shares during the period. Finally, HWG Holdings LP grew its position 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 buying an additional 5,752 shares during the period. 58.77% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,536 shares of company stock worth $62,894,611. Company insiders own 0.05% of the company’s stock.
AAPL has been the subject of several research analyst reports. Loop Capital boosted their price objective on Apple to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Longbow Research reiterated a “hold” rating on shares of Apple in a research report on Tuesday. DZ Bank reiterated a “neutral” rating on shares of Apple in a research report on Wednesday. Maxim Group decreased their price objective on Apple from $211.00 to $204.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Barclays boosted their price objective on Apple from $192.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $218.82.
NASDAQ AAPL traded up $2.07 during trading on Thursday, hitting $225.66. The stock had a trading volume of 1,294,831 shares, compared to its average volume of 28,887,482. The company has a market capitalization of $967.87 billion, a PE ratio of 18.93, a P/E/G ratio of 1.77 and a beta of 1.24. The company’s 50-day moving average price is $207.16 and its two-hundred day moving average price is $196.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $53.39 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 11.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, August 9th. Apple’s dividend payout ratio is currently 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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