SevenBridge Financial Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,214 shares of the iPhone maker’s stock after buying an additional 1,041 shares during the period. Apple makes up 6.5% of SevenBridge Financial Group LLC’s holdings, making the stock its largest position. SevenBridge Financial Group LLC’s holdings in Apple were worth $25,204,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Center For Asset Management LLC boosted its stake in Apple by 53.3% in the 2nd quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock worth $4,247,000 after purchasing an additional 7,616 shares in the last quarter. Kingdom Financial Group LLC. lifted its stake in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the period. RFG Advisory LLC lifted its stake in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares during the period. Conrad Siegel Investment Advisors Inc. grew its holdings in shares of Apple by 22.2% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after buying an additional 1,436 shares during the last quarter. Finally, M. Kraus & Co increased its position in shares of Apple by 0.9% in the 2nd quarter. M. Kraus & Co now owns 29,416 shares of the iPhone maker’s stock valued at $5,706,000 after acquiring an additional 276 shares during the period. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Apple
In other news, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the transaction, the insider now owns 34,687 shares in the company, valued at approximately $6,383,795.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the sale, the senior vice president now owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now directly owns 34,687 shares in the company, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. Insiders sold a total of 133,767 shares of company stock worth $25,248,740 in the last three months. 0.06% of the stock is owned by corporate insiders.
Apple Price Performance
Shares of NASDAQ AAPL opened at $192.42 on Friday. The firm has a 50-day simple moving average of $191.01 and a 200-day simple moving average of $184.46. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. Apple Inc. has a 52 week low of $141.32 and a 52 week high of $199.62.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a net margin of 25.31% and a return on equity of 160.78%. Apple’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities analysts predict that Apple Inc. will post 6.58 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 15.69%.
Analyst Ratings Changes
AAPL has been the topic of several research analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Rosenblatt Securities reduced their price target on shares of Apple from $198.00 to $189.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their price objective for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Finally, Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $205.34.
View Our Latest Stock Analysis on AAPL
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.
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As an expert in financial markets and investment strategies, I have a comprehensive understanding of the intricacies involved in institutional investments, stock analysis, and market trends. My knowledge is grounded in both theoretical principles and practical experience, allowing me to interpret complex financial data with precision.
Let's delve into the information provided in the article about SevenBridge Financial Group LLC's holdings in Apple Inc. (AAPL) and the related concepts:
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SevenBridge Financial Group LLC's Holdings:
- SevenBridge Financial Group LLC increased its holdings in Apple by 0.7% during the 3rd quarter.
- The institutional investor now owns 147,214 shares of Apple's stock, making up 6.5% of its total holdings.
- The market value of SevenBridge Financial Group LLC's holdings in Apple is $25,204,000 as of the most recent SEC filing.
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Other Institutional Investors:
- Various other hedge funds and institutional investors have also adjusted their stakes in AAPL during different quarters.
- For example, Center For Asset Management LLC increased its stake by 53.3% in the 2nd quarter, and Kingdom Financial Group LLC. lifted its stake by 5.5% in the third quarter.
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Insider Trading:
- Notably, there has been insider buying and selling activity at Apple.
- Insider Chris Kondo sold 4,806 shares at an average price of $184.04, totaling $884,496.24 on November 10th.
- SVP Katherine L. Adams sold 123,448 shares at an average price of $188.79, totaling $23,305,747.92 on November 17th.
- Insiders have collectively sold 133,767 shares in the last three months, with a total value of $25,248,740.
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Apple's Stock Performance:
- The article provides information on Apple's stock performance as of the latest data.
- The stock opened at $192.42 on the specified day, with a 50-day simple moving average of $191.01 and a 200-day simple moving average of $184.46.
- Apple's market capitalization is $2.98 trillion, and it has a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.33, and a beta of 1.29.
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Apple's Earnings and Dividend:
- Apple last reported quarterly earnings on November 2nd, exceeding analysts' consensus estimates with $1.46 EPS.
- The company had revenue of $89.50 billion during the quarter.
- Apple announced a quarterly dividend of $0.24 per share, representing a dividend payout ratio (DPR) of 15.69%.
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Analyst Ratings:
- The article mentions several research analyst reports on Apple (AAPL).
- The ratings range from "sell" to "strong buy," with a consensus rating of "Moderate Buy" and a consensus price target of $205.34.
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Apple's Business Overview:
- Apple Inc. designs, manufactures, and markets a range of products, including smartphones, personal computers, tablets, wearables, and accessories.
- Key product lines include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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Additional Financial Concepts:
- The article briefly touches on concepts such as the quick ratio, current ratio, debt-to-equity ratio, market capitalization, price-to-earnings ratio, and price-to-earnings-growth ratio.
This analysis provides a comprehensive overview of the financial landscape surrounding Apple Inc., encompassing institutional investments, insider activities, stock performance, earnings, dividend announcements, analyst ratings, and the core aspects of Apple's business.
