Apple Inc. (NASDAQ:AAPL) is Bouchey Financial Group Ltd’s 3rd Largest Position

Bouchey Financial Group Ltd raised its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 13.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 247,789 shares of the iPhone maker’s stock after acquiring an additional 28,644 shares during the period. Apple makes up 5.8% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its 3rd biggest holding. Bouchey Financial Group Ltd’s holdings in Apple were worth $43,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cardinal Capital Management Inc. raised its stake in shares of 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 in the last quarter. Shore Point Advisors LLC purchased a new position in shares of Apple during the 4th quarter worth approximately $41,000. Emerson Wealth LLC raised its stake in shares of Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after buying an additional 320 shares in the last quarter. Econ Financial Services Corp raised its stake in shares of Apple by 29.1% during the 1st quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after buying an additional 95 shares in the last quarter. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new position in shares of Apple during the 4th quarter worth approximately $116,000. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated 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 sale, the senior vice president now directly owns 427,334 shares in the company, 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAPL shares. JPMorgan Chase & Co. set a $200.00 target price on Apple in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Apple in a report on Monday, August 1st. Oppenheimer restated an “outperform” rating and issued a $190.00 price target on shares of Apple in a report on Wednesday, June 8th. UBS Group set a $185.00 price target on Apple in a report on Thursday, July 21st. Finally, The Goldman Sachs Group set a $139.00 price target on Apple in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.18.

Apple Trading Down 1.5 %

Shares of AAPL opened at $158.91 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The stock’s fifty day simple moving average is $155.68 and its 200 day simple moving average is $156.99. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion for 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 business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. On average, equities research analysts forecast that Apple Inc. will post 6.1 earnings per share 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 given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Apple Profile

(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.

See Also

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