PayPay Securities Corp Sells 149 Shares of Apple Inc. (NASDAQ:AAPL)

PayPay Securities Corp cut its stake in Apple Inc. (NASDAQ:AAPL) by 39.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232 shares of the iPhone maker’s stock after selling 149 shares during the quarter. Apple makes up 4.0% of PayPay Securities Corp’s portfolio, making the stock its 5th biggest holding. PayPay Securities Corp’s holdings in Apple were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the fourth quarter valued at about $39,000. Access Investment Management LLC acquired a new position in Apple in the first quarter valued at about $140,000. Hoese & Co LLP boosted its stake in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares in the last quarter. Benchmark Wealth Management LLC bought a new position in Apple in the 2nd quarter worth approximately $208,000. Finally, Sequent Asset Management LLC bought a new position in shares of Apple in the 2nd quarter valued at about $214,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $231.30 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.40 and a beta of 1.24. The company has a fifty day moving average price of $224.06 and a 200-day moving average price of $206.60. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. As a group, equities research analysts predict that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is presently 15.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAPL. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. New Street Research reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. UBS Group raised their target price on Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, KeyCorp reiterated a “hold” rating and issued a $247.61 price target on shares of Apple in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $239.27.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 in the last three months. Company insiders own 0.06% of the company’s stock.

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.