BOS Asset Management LLC Has $6.86 Million Stock Holdings in Apple Inc. $AAPL

BOS Asset Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,897 shares of the iPhone maker's stock after selling 1,251 shares during the quarter. Apple makes up about 2.4% of BOS Asset Management LLC's investment portfolio, making the stock its 7th largest holding. BOS Asset Management LLC's holdings in Apple were worth $6,863,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ROSS JOHNSON & Associates LLC boosted its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc purchased a new position in shares of Apple in the fourth quarter worth $47,000. Elite Financial Inc. purchased a new position in shares of Apple in the first quarter worth $58,000. Conquis Financial LLC purchased a new position in shares of Apple in the fourth quarter worth $63,000. Finally, LSV Asset Management purchased a new position in shares of Apple in the fourth quarter worth $65,000. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 1.8%

Shares of AAPL opened at $234.07 on Monday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company has a market cap of $3.47 trillion, a P/E ratio of 35.52, a P/E/G ratio of 2.43 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company's fifty day simple moving average is $221.50 and its 200-day simple moving average is $212.02.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio is presently 15.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. HSBC set a $220.00 target price on shares of Apple and gave the stock a "hold" rating in a report on Monday, September 8th. Loop Capital lowered their target price on shares of Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Apple from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 price target on shares of Apple in a research note on Tuesday, August 26th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $250.00 price target on shares of Apple in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $240.80.

Insider Activity at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company's stock.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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