Apple Inc. (NASDAQ:AAPL) is Cetera Advisor Networks LLC’s Largest Position

Cetera Advisor Networks LLC decreased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,820,336 shares of the iPhone maker’s stock after selling 7,116 shares during the quarter. Apple accounts for approximately 3.9% of Cetera Advisor Networks LLC’s holdings, making the stock its biggest position. Cetera Advisor Networks LLC’s holdings in Apple were worth $317,868,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AAPL. Cardinal Capital Management Inc. grew 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 valued at $39,000 after purchasing an additional 221 shares during the period. Shore Point Advisors LLC bought a new stake in shares of Apple during the 4th quarter valued at about $41,000. HBC Financial Services PLLC grew its stake in shares of 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 purchasing an additional 80 shares during the period. Emerson Wealth LLC grew 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 valued at $71,000 after purchasing an additional 320 shares during the period. Finally, Econ Financial Services Corp grew 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 valued at $74,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction on 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 owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $155.96 on Thursday. The stock’s fifty day moving average is $157.75 and its 200 day moving average is $156.51. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The firm has a market capitalization of $2.51 trillion, a PE ratio of 25.74, a PEG ratio of 2.02 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. The company 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%. Apple’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 6.1 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAPL. Rosenblatt Securities cut their price objective on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Morgan Stanley cut their price objective on Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Bank of America cut their price objective on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price objective on shares of Apple in a research note on Wednesday, June 8th. Finally, The Goldman Sachs Group set a $139.00 price objective 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-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.

Further Reading

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).



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