Sumitomo Life Insurance Co. raised its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.0% within the 2nd quarter, in line with its most up-to-date 13F submitting with the Securities and Exchange Commission (SEC). The agency owned 296,600 shares of the iPhone maker’s inventory after shopping for an extra 5,844 shares through the quarter. Apple makes up roughly 1.1% of Sumitomo Life Insurance Co.’s holdings, making the inventory its 7th largest holding. Sumitomo Life Insurance Co.’s holdings in Apple had been value $40,551,000 as of its most up-to-date submitting with the Securities and Exchange Commission (SEC).
Several different hedge funds and different institutional traders additionally not too long ago added to or decreased their stakes within the business. Signature Wealth Management Partners LLC grew its holdings in shares of Apple by 3.5% through the 2nd quarter. Signature Wealth Management Partners LLC now owns 61,778 shares of the iPhone maker’s inventory value $8,446,000 after buying an extra 2,066 shares through the interval. Altium Wealth Management LLC grew its holdings in shares of Apple by 2.2% through the 2nd quarter. Altium Wealth Management LLC now owns 317,619 shares of the iPhone maker’s inventory value $43,425,000 after buying an extra 6,917 shares through the interval. TruWealth Advisors LLC grew its holdings in shares of Apple by 8.2% through the 2nd quarter. TruWealth Advisors LLC now owns 175,935 shares of the iPhone maker’s inventory value $24,054,000 after buying an extra 13,356 shares through the interval. Alpha Cubed Investments LLC grew its holdings in shares of Apple by 2.6% through the 2nd quarter. Alpha Cubed Investments LLC now owns 650,879 shares of the iPhone maker’s inventory value $88,988,000 after buying an extra 16,566 shares through the interval. Finally, Hengehold Capital Management LLC grew its holdings in shares of Apple by 3.1% through the 2nd quarter. Hengehold Capital Management LLC now owns 22,241 shares of the iPhone maker’s inventory value $3,041,000 after buying an extra 672 shares through the interval. Hedge funds and different institutional traders personal 57.72% of the corporate’s inventory.
Apple Price Performance
Shares of AAPL opened at $143.86 on Thursday. The firm has a market cap of $2.31 trillion, a P/E ratio of 23.74, a PEG ratio of 1.70 and a beta of 1.25. The inventory has a fifty day transferring common worth of $154.78 and a 200 day transferring common worth of $152.80. The firm has a debt-to-equity ratio of 1.63, a present ratio of 0.86 and a fast ratio of 0.82. Apple Inc. has a 12 month low of $129.04 and a 12 month excessive of $182.94.
Apple (NASDAQ:AAPL – Get Rating) final launched its quarterly earnings outcomes on Thursday, July twenty eighth. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on fairness of 152.97% and a web margin of 25.71%. The firm had income of $82.96 billion through the quarter, in comparison with analysts’ expectations of $82.97 billion. During the identical quarter within the prior yr, the business posted $1.30 earnings per share. The firm’s income for the quarter was up 1.9% in comparison with the identical quarter final yr. On common, analysis analysts forecast that Apple Inc. will publish 6.11 earnings per share for the present yr.
Apple Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which was paid on Thursday, August eleventh. Stockholders of file on Monday, August eighth had been paid a $0.23 dividend. The ex-dividend date was Friday, August fifth. This represents a $0.92 annualized dividend and a dividend yield of 0.64%. Apple’s payout ratio is 15.18%.
Analyst Upgrades and Downgrades
Several equities analysts not too long ago commented on the corporate. set a $175.00 worth goal on Apple in a analysis report on Friday, July twenty ninth. Credit Suisse Group set a $190.00 worth goal on Apple in a analysis report on Wednesday. Morgan Stanley decreased their worth goal on Apple from $180.00 to $177.00 and set an “overweight” ranking on the inventory in a analysis report on Monday. Barclays decreased their worth goal on Apple from $169.00 to $155.00 and set an “equal weight” ranking on the inventory in a analysis report on Tuesday, October eleventh. Finally, InventoryNews.com assumed protection on Apple in a analysis report on Wednesday, October twelfth. They set a “hold” ranking on the inventory. Two equities analysis analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking, twenty-one have issued a purchase ranking and one has given a powerful purchase ranking to the inventory. According to MarketBeat.com, the inventory has a consensus ranking of “Moderate Buy” and a mean worth goal of $180.25.
Insider Transactions at Apple
In different information, SVP Deirdre O’brien bought 8,053 shares of the inventory in a transaction on Monday, October seventeenth. The inventory was bought at a mean worth of $142.45, for a complete worth of $1,147,149.85. Following the completion of the transaction, the senior vp now owns 136,290 shares of the corporate’s inventory, valued at $19,414,510.50. The transaction was disclosed in a doc filed with the SEC, which is out there on the SEC web site. In different information, SVP Deirdre O’brien bought 8,053 shares of the inventory in a transaction on Monday, October seventeenth. The inventory was bought at a mean worth of $142.45, for a complete worth of $1,147,149.85. Following the completion of the transaction, the senior vp now owns 136,290 shares of the corporate’s inventory, valued at $19,414,510.50. The transaction was disclosed in a doc filed with the SEC, which is out there on the SEC web site. Also, SVP Katherine L. Adams bought 25,000 shares of the corporate’s inventory in a transaction on Wednesday, August third. The shares had been bought at a mean worth of $164.77, for a complete worth of $4,119,250.00. Following the completion of the sale, the senior vp now owns 427,334 shares of the corporate’s inventory, valued at roughly $70,411,823.18. The disclosure for this sale could be discovered right here. Over the final quarter, insiders bought 306,087 shares of firm inventory valued at $47,252,854. 0.06% of the inventory is at present owned by company insiders.
Apple Company Profile
(Get Rating)
Apple Inc designs, manufactures, and markets smartphones, private computer systems, tablets, wearables, and equipment worldwide. It additionally sells varied associated companies. In addition, the corporate gives iPhone, a line of smartphones; Mac, a line of non-public computer systems; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wi-fi headphone; and wearables, residence, and equipment comprising AirPods, Apple TV, Apple Watch, Beats merchandise, HomePod, and iPod contact.
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