Northstar Group Inc. Sells 3,585 Shares of Apple Inc. $AAPL

Northstar Group Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,063 shares of the iPhone maker’s stock after selling 3,585 shares during the quarter. Apple comprises about 5.4% of Northstar Group Inc.’s holdings, making the stock its 4th biggest holding. Northstar Group Inc.’s holdings in Apple were worth $38,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AAPL. Reyes Financial Architecture Inc. boosted its stake in Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after acquiring an additional 37 shares in the last quarter. WESPAC Advisors LLC increased its position in shares of Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock worth $3,351,000 after purchasing an additional 39 shares in the last quarter. Interactive Financial Advisors Inc. lifted its holdings in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock valued at $286,000 after purchasing an additional 40 shares during the last quarter. Sugar Maple Asset Management LLC lifted its holdings in shares of Apple by 2.0% in the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock valued at $515,000 after purchasing an additional 40 shares during the last quarter. Finally, Orion Investment Co boosted its position in shares of Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker’s stock valued at $3,902,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,924 shares of company stock valued at $825,546. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $333.26 on Friday. The stock’s 50-day moving average price is $302.80 and its 200 day moving average price is $276.70. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.89 trillion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. Apple Inc. has a 52-week low of $201.50 and a 52-week high of $334.68.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is currently 13.06%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AAPL. Barclays restated an “underweight” rating on shares of Apple in a research note on Tuesday, June 9th. Robert W. Baird set a $310.00 price objective on Apple in a research note on Friday, May 1st. Wedbush restated an “outperform” rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Finally, KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 price target for the company. in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $318.43.

Check Out Our Latest Stock Report on Apple

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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