Apple Inc. (NASDAQ:AAPL) Stock Holdings Reduced by Delphi Management Inc. MA

Delphi Management Inc. MA reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,822 shares of the iPhone maker’s stock after selling 225 shares during the quarter. Apple makes up about 1.7% of Delphi Management Inc. MA’s holdings, making the stock its 2nd largest position. Delphi Management Inc. MA’s holdings in Apple were worth $2,199,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc bought a new position in Apple in the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC lifted its position in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple in the fourth quarter worth $39,000. Gilfoyle & Co LLC grew its position in shares of Apple by 168.0% in the fourth quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock valued at $52,000 after purchasing an additional 168 shares in the last quarter. Finally, University of Texas Texas AM Investment Managment Co. raised its stake in shares of Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 75,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the sale, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The disclosure for this sale can be found here. Insiders have sold a total of 188,884 shares of company stock worth $38,092,387 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Canaccord Genuity Group boosted their price objective on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, August 6th. Tigress Financial raised their price target on shares of Apple from $240.00 to $245.00 and gave the company a “strong-buy” rating in a report on Thursday, May 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.63.

Apple Trading Down 0.8 %

Shares of AAPL opened at $224.53 on Friday. The firm has a fifty day simple moving average of $220.03 and a two-hundred day simple moving average of $194.13. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The stock has a market capitalization of $3.44 trillion, a P/E ratio of 34.92, a PEG ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 145.35% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the firm earned $1.26 earnings per share. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 6.61 EPS for the current year.

Apple declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

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.