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Silverleafe Capital Partners LLC Buys 575 Shares of Apple Inc. (NASDAQ:AAPL)

Silverleafe Capital Partners LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,933 shares of the iPhone maker’s stock after buying an additional 575 shares during the period. Apple comprises 7.4% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Silverleafe Capital Partners LLC’s holdings in Apple were worth $12,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Cardinal Capital Management Inc. raised its holdings in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares during the period. Shore Point Advisors LLC purchased a new position in Apple during the 4th quarter valued at about $41,000. CFS Investment Advisory Services LLC grew its stake in Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after acquiring an additional 7,416,445 shares in the last quarter. HBC Financial Services PLLC grew its stake in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Finally, Emerson Wealth LLC grew its stake in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Stock Down 1.1 %

Shares of AAPL stock opened at $150.70 on Friday. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The firm has a market cap of $2.42 trillion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23. The stock has a 50 day moving average of $159.58 and a 200-day moving average of $156.18. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The company had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. On average, equities analysts predict that Apple Inc. will post 6.11 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s payout ratio is 15.18%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on AAPL shares. Itaú Unibanco started coverage on Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price on the stock. Barclays set a $169.00 target price on Apple in a research note on Wednesday. Rosenblatt Securities lowered their target price on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. Monness Crespi & Hardt started coverage on Apple in a research note on Thursday, September 8th. They issued a “buy” rating and a $174.00 price target for the company. Finally, set a $175.00 price target on Apple in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.52.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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