G&S Capital LLC Has $3.33 Million Stake in Apple Inc. $AAPL

Key Points

• G&S Capital LLC has reduced its stake in Apple Inc. by 13.3%, bringing its total holdings to 16,243 shares valued at approximately $3.33 million.
• Insider transactions show significant sales, with CFO Kevan Parekh and SVP Deirdre O'brien selling a combined 47,212 shares recently, indicating a decrease in their ownership.
• Analysts' ratings for Apple shares vary, with a consensus rating of “Moderate Buy” and a target price averaging $248.29, reflecting differing outlooks on the stock's performance.

G&S Capital LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,243 shares of the iPhone maker's stock after selling 2,501 shares during the quarter. Apple comprises approximately 1.3% of G&S Capital LLC's investment portfolio, making the stock its 19th largest holding. G&S Capital LLC's holdings in Apple were worth $3,333,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AAPL. Ryan Investment Management Inc. acquired a new stake in Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the period. Elite Financial Inc. acquired a new stake in Apple in the 1st quarter valued at $58,000. LSV Asset Management acquired a new stake in Apple in the 4th quarter valued at $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in Apple in the 1st quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, CFO Kevan Parekh sold 4,199 shares of the business's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O'brien sold 43,013 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 259,121 shares of company stock valued at $65,358,981. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on AAPL shares. DA Davidson reissued a "neutral" rating and issued a $250.00 price target on shares of Apple in a research report on Thursday, September 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 price objective on shares of Apple in a report on Tuesday, August 26th. Moffett Nathanson raised shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price objective on the stock in a report on Thursday, September 4th. Phillip Securities downgraded shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price objective on the stock. in a report on Thursday, September 11th. Finally, Morgan Stanley set a $298.00 price objective on shares of Apple and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.29.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $252.29 on Friday. The company's 50-day moving average is $241.13 and its 200 day moving average is $216.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.74 trillion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The company 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 firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. On average, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Apple Company 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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