LaFleur & Godfrey LLC Acquires 2,128 Shares of Apple Inc. $AAPL

Key Points

• LaFleur & Godfrey LLC increased its stake in Apple Inc. by 1.0% during the 2nd quarter, now holding 222,002 shares worth approximately $45.5 million, making it their largest position.
• Insider selling occurred with SVP Deirdre O'Brien selling 34,821 shares at an average price of $223.20, reducing her holdings by 20.30%.
• Apple reported a quarterly earnings per share of $1.57, surpassing analyst expectations and showing a 9.6% revenue increase from the same quarter last year.

LaFleur & Godfrey LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,002 shares of the iPhone maker's stock after acquiring an additional 2,128 shares during the quarter. Apple comprises approximately 5.7% of LaFleur & Godfrey LLC's holdings, making the stock its largest position. LaFleur & Godfrey LLC's holdings in Apple were worth $45,548,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advanced Portfolio Management LLC boosted its holdings in Apple by 0.3% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after acquiring an additional 47 shares during the period. Salus Financial Advisors LLC lifted its position in shares of Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Sharpepoint LLC boosted its stake in Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after purchasing an additional 51 shares during the period. Redwood Financial Network Corp boosted its stake in Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock valued at $2,184,000 after purchasing an additional 53 shares during the period. Finally, Mission Hills Financial Advisory LLC grew its holdings in Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock valued at $892,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling 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 sale, the senior vice president owned 136,687 shares of the company's stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.7%

NASDAQ AAPL opened at $257.13 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.48 and a beta of 1.09. The stock's 50 day moving average is $232.20 and its two-hundred day moving average is $214.38. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

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

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James Financial reiterated an "outperform" rating and set a $240.00 price target (up from $230.00) on shares of Apple in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Apple from $255.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Jefferies Financial Group upped their target price on shares of Apple from $190.67 to $205.82 and gave the company a "hold" rating in a research note on Monday, September 8th. DA Davidson restated a "neutral" rating and issued a $250.00 price target on shares of Apple in a research report on Thursday, September 11th. Finally, Moffett Nathanson upgraded 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $247.51.

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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