Apple Inc. (NASDAQ:AAPL) Shares Sold by Cora Capital Advisors LLC

Cora Capital Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.3% in the second quarter, HoldingsChannel.com reports. The firm owned 34,971 shares of the iPhone maker’s stock after selling 1,199 shares during the quarter. Apple makes up 3.8% of Cora Capital Advisors LLC’s holdings, making the stock its 5th biggest holding. Cora Capital Advisors LLC’s holdings in Apple were worth $7,366,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fidelis Capital Partners LLC raised its holdings 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 valued at $35,000 after acquiring an additional 31,278 shares during the last quarter. Access Investment Management LLC acquired a new position in shares of Apple during the first quarter valued at approximately $140,000. Hoese & Co LLP raised its holdings in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple during the second quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in shares of Apple during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction 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 sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction 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 sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.2 %

AAPL opened at $235.00 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The business has a fifty day simple moving average of $225.78 and a 200-day simple moving average of $208.11. The firm has a market cap of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period last year, the business posted $1.26 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush reissued an “outperform” rating and set a $285.00 target price on shares of Apple in a report on Monday, September 9th. Robert W. Baird increased their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. The Goldman Sachs Group upped their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.27.

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.