Signet Investment Advisory Group Inc. Cuts Holdings in Apple Inc. (NASDAQ:AAPL)


Signet Investment Advisory Group, Inc. cut its position in Apple Inc.’s (NASDAQ:AAPL – Get Rating) stock by 4.3% in the third quarter, according to its latest disclosure to the Securities and Exchange Commission. The fund owned his 37,291 shares of the iPhone maker’s stock after selling his 1,683 shares during the quarter. Apple represents his 4.0% stake in the Signet Investment Advisory Group Inc. investment portfolio, making the stock his fifth largest holding. Signet Investment Advisory Group’s Apple stock was worth $5.154 million at the end of its most recent quarter.

Other institutional investors have also recently changed positions in the company. Bluestem Financial Advisors LLC increased his stake in Apple stock by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of his iPhone maker worth $35,000 after he purchased an additional 229,929 shares during this period. CFS Investment Advisory Services LLC increased its stake in Apple stock by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of iPhone maker stock valued at $47,000 after purchasing an additional 7,416,445 shares during this period. Spence Asset Management acquired approximately $49,000 worth of new Apple stock in the second quarter. HBC Financial Services PLLC increased its Apple stake by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker worth $49,000 after acquiring an additional 80 shares during the previous quarter. Finally, Ramsey Quantitative Systems acquired approximately $55,000 worth of new Apple stock in the second quarter. Institutional investors and hedge funds own 57.60% of the company’s shares.

apple price performance

Apple shares Friday opened at $133.41. The company has a market capitalization of $2.12 trillion, a PE ratio of 21.83, a price/earnings ratio of 1.68, and a beta of 1.24. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt to equity ratio of 1.95. The company’s 50-day simple moving average is $139.41 and its 200-day simple moving average is $148.23.

Apple (NASDAQ:AAPL – Get Rating) last reported quarterly results on Thursday, October 27th. The iPhone maker reported his earnings per share (EPS) of $1.29 for the quarter, beating analyst consensus expectations of $1.26 by $0.03. The business generated $90.15 billion in revenue for the quarter, compared with analyst estimates of $88.77 billion. Apple’s net profit margin was 25.31% and return on equity was 160.90%. The company’s revenue increased by 7.8% year-on-year. During the same quarter last year, the company earned his EPS of $1.24. Across the group, equity analysts expect Apple Inc. to post his 6.19 EPS this year.

Apple Dividend Announcement

The company recently announced its quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7 were paid a dividend of $0.23 per share. This represents his $0.92 dividend and his 0.69% yield on an annualized basis. The ex-dividend date was Friday, November 4. Apple’s payout percentage is currently 15.06%.

Wall Street analyst opinion

AAPL has been the subject of several analyst reports. UBS Group set a target price for Apple stock at $180.00 in a research note on Thursday. DA Davidson lowered his price target for Apple stock to $167.00 in a research note on Thursday, Dec. 1. Citigroup reiterated its “buy” rating in his Tuesday, November 8 research notes, and he set a target price for Apple stock at $175.00. Evercore ISI raised its price target on Apple’s stock from $185.00 to $190.00 in its research notes on Tuesday, September 20, giving the company an “outperform” rating. Finally, Bank of America lowered its price target on Apple stock from $160.00 to $154.00 and set the company’s rating to “neutral” in its Monday, November 7 research report. Two investment analysts rate the stock as a sell, eight as a hold, 22 as a buy, and one as a strong buy. According to MarketBeat.com data, the stock currently has an average rating of “moderate buy” with a consensus target price of $171.93.

insider trading

In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The shares sold for an average of $155.95, giving him a total of $27,493,829.05. Following the closing of the transaction, the Chief Financial Officer now directly owns 110,673 shares of the Company’s stock valued at $17,259,454.35. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed at this link. In related news, SVP Deirdre O’brien sold 8,053 shares in the company in a transaction that took place on Monday, October 17th. The shares sold for an average of $142.45, and the total transaction value he had was $1,147,149.85. Following the closing of the sale, the Senior Vice President now directly owns 136,290 shares of his company worth $19,414,510.50. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed at this link. CFO Luca Maestri also sold 176,299 shares of the company in a transaction that took place on Friday, October 28th. The shares sold for an average of $155.95, and the total transaction value he had was $27,493,829.05. After the sale, the Chief Financial Officer now owns 110,673 shares of the Company’s stock valued at $17,259,454.35. Please see here for the disclosure of this sale. An insider said last quarter he sold 204,552 shares of company stock worth $31,645,123. A corporate insider owns his 0.06% of the company’s shares.

About Apple

(get rating)

Apple Inc designs, manufactures and markets smartphones, computers, tablets, wearables and accessories worldwide. We also sell a variety of related services. In addition, the company offers his iPhone, a line of smartphones. Mac, personal computer line. iPad, a line of multi-purpose tablets. Wearables, home, and accessories consisting of AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Apple (NASDAQ:AAPL) Quarterly Institutional Ownerships

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