Aldebaran Financial Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 32.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,189 shares of the iPhone maker’s stock after selling 5,806 shares during the quarter. Apple accounts for approximately 5.2% of Aldebaran Financial Inc.’s holdings, making the stock its 3rd biggest holding. Aldebaran Financial Inc.’s holdings in Apple were worth $4,447,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in AAPL. Peterson Wealth Advisors LLC increased its stake in Apple by 2.6% during the second quarter. Peterson Wealth Advisors LLC now owns 3,578 shares of the iPhone maker’s stock worth $1,305,000 after acquiring an additional 90 shares during the last quarter. Plimoth Trust Co. LLC boosted its holdings in shares of Apple by 1.9% in the 2nd quarter. Plimoth Trust Co. LLC now owns 40,568 shares of the iPhone maker’s stock worth $14,799,000 after purchasing an additional 747 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Apple by 37.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 36,019 shares of the iPhone maker’s stock valued at $13,140,000 after purchasing an additional 9,898 shares during the last quarter. Marino Stram & Associates LLC raised its holdings in Apple by 17.1% during the 2nd quarter. Marino Stram & Associates LLC now owns 13,098 shares of the iPhone maker’s stock valued at $4,785,000 after buying an additional 1,911 shares during the period. Finally, Stanley Laman Group Ltd. raised its holdings in Apple by 2.5% during the 2nd quarter. Stanley Laman Group Ltd. now owns 7,064 shares of the iPhone maker’s stock valued at $2,577,000 after buying an additional 169 shares during the period. 61.96% of the stock is owned by hedge funds and other institutional investors.
AAPL has been the topic of a number of analyst reports. DZ Bank reiterated a “buy” rating on shares of Apple in a research report on Wednesday, June 3rd. Morgan Stanley upped their price target on shares of Apple from $340.00 to $419.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Monness Crespi & Hardt began coverage on Apple in a research report on Tuesday, June 23rd. They set a “buy” rating and a $370.00 target price for the company. Wedbush boosted their price objective on Apple from $425.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Piper Sandler increased their target price on Apple from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirty have given a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average price target of $339.56.
Shares of AAPL opened at $371.38 on Friday. The company has a 50 day moving average of $361.41 and a two-hundred day moving average of $310.77. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.14. Apple Inc. has a twelve month low of $192.58 and a twelve month high of $399.82. The company has a market cap of $1,686.45 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.29. Apple had a return on equity of 64.49% and a net margin of 21.35%. The firm had revenue of $58.31 billion during the quarter, compared to analysts’ expectations of $54.64 billion. During the same quarter last year, the firm earned $2.46 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 12.35 EPS for the current year.
In other Apple news, insider Chris Kondo sold 4,491 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $305.62, for a total value of $1,372,539.42. Following the completion of the sale, the insider now owns 7,370 shares of the company’s stock, valued at $2,252,419.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.05% of the company’s stock.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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