Butensky & Cohen Financial Security Inc. owns $4.72 million in shares of Apple Inc. (NASDAQ:AAPL)


Butensky & Cohen Financial Security Inc. reduced its stake in Apple Inc. (NASDAQ: AAPLGet a rating) by 0.6% in Q1, according to its most recent SEC filing. The fund held 27,031 shares of the iPhone maker after selling 150 shares during the period. Apple accounts for about 1.7% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 7th largest holding. Butensky & Cohen Financial Security Inc.’s holdings in Apple were worth $4,720,000 at the end of the last reporting period.

Several other institutional investors and hedge funds have also recently increased or reduced their stakes in AAPL. Moors & Cabot Inc. increased its position in Apple shares by 4.2% during the third quarter. Moors & Cabot Inc. now owns 489,799 shares of the iPhone maker valued at $69,303,000 after buying an additional 19,689 shares in the last quarter. BlueSky Wealth Advisors LLC increased its position in Apple shares by 160.3% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 19,103 shares of the iPhone maker valued at $3,392,000 after buying 11,764 additional shares in the last quarter. Centennial Wealth Advisory LLC increased its position in Apple shares by 0.6% during the fourth quarter. Centennial Wealth Advisory LLC now owns 19,381 shares of the iPhone maker valued at $3,442,000 after buying 107 additional shares in the last quarter. Activest Wealth Management increased its position in Apple shares by 3.7% during the fourth quarter. Activest Wealth Management now owns 16,664 shares of the iPhone maker valued at $2,959,000 after buying an additional 593 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in Apple by 5.4% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 530,291 shares of the iPhone maker worth $94,164,000 after buying 26,987 additional shares in the last quarter. 57.98% of the shares are held by institutional investors.

NASDAQ: AAPL opened at $138.93 on Monday. The company has a 50-day moving average of $145.41 and a 200-day moving average of $160.86. The company has a market capitalization of $2.25 trillion, a price/earnings ratio of 22.55, a PEG ratio of 1.82 and a beta of 1.19. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a debt ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93.

Apple (NASDAQ: AAPLGet a rating) last released its quarterly earnings data on Thursday, April 28. The iPhone maker reported EPS of $1.52 for the quarter, beating analyst consensus estimates of $1.43 by $0.09. The company posted revenue of $97.28 billion in the quarter, versus a consensus estimate of $93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. The company’s revenue for the quarter increased by 8.6% compared to the same quarter last year. During the same period last year, the company achieved EPS of $1.40. Sell-side analysts expect Apple Inc. to post EPS of 6.1 for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 12. Investors of record on Monday, May 9 received a dividend of $0.23 per share. The ex-dividend date was Friday, May 6. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 0.66%. This is a boost from Apple’s previous quarterly dividend of $0.22. Apple’s dividend payout ratio (DPR) is 14.94%.

Apple announced that its board authorized a stock repurchase plan on Thursday, April 28 that allows the company to repurchase $90.00 billion in stock. This repurchase authorization allows the iPhone maker to repurchase up to 3.5% of its shares through open market purchases. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.

Several research analysts have commented on AAPL shares. Deutsche Bank Rese… set a target price of $210.00 on Apple shares in a Friday, April 8 research report. Evercore ISI cut its price target on Apple shares from $210.00 to $180.00 and set an “outperform” rating for the company in a Tuesday, June 28 research report. Fundamental Research cut its price target on Apple shares from $179.32 to $175.24 and set an “average” rating for the company in a Friday, May 6 research report. Morgan Stanley cut its price target on Apple shares from $195.00 to $185.00 and set an “overweight” rating for the company in a Tuesday, June 14 research note. Finally, Oppenheimer reaffirmed an “outperform” rating and posted a $190.00 price target on Apple shares in a Wednesday, June 8 research note. Nine investment analysts gave the stock a hold rating, twenty-four gave the stock a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.64.

In related news, SVP Deirdre O’brien sold 8,000 shares in a trade dated Monday, April 18. The shares were sold at an average price of $164.91, for a total transaction of $1,319,280.00. Following the completion of the sale, the Senior Vice President now owns 136,290 shares of the company, valued at approximately $22,475,583.90. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Also, please Katherine L. Adams sold 25,000 shares in a trade dated Wednesday, May 4. The stock was sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the sale, the senior vice president now owns 452,334 shares of the company, valued at approximately $73,151,454.48. Disclosure of this sale can be found here. Insiders of the company hold 0.06% of the shares of the company.

Apple Company Profile (Get a rating)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. It also sells various related services. Additionally, the company offers iPhone, a range of smartphones; Mac, a line of personal computers; iPad, a range of versatile tablets; AirPods Max, an over-ear wireless headset; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

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Institutional ownership by quarter for Apple (NASDAQ:AAPL)



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