Verity Asset Management Inc. Acquires 82 Shares of Apple Inc. (NASDAQ:AAPL)

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Verity Asset Management Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,920 shares of the iPhone maker’s stock after buying an additional 82 shares during the period. Verity Asset Management Inc.’s holdings in Apple were worth $974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centaurus Financial Inc. raised its position in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after buying an additional 1,262 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Apple during the 4th quarter valued at $50,000. Avondale Wealth Management raised its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after buying an additional 64 shares in the last quarter. NuWave Investment Management LLC raised its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 449 shares in the last quarter. Finally, Horan Securities Inc. raised its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after buying an additional 221 shares in the last quarter. 58.77% of the stock is owned by institutional investors.

AAPL has been the topic of several research reports. Needham & Company LLC raised their price objective on shares of Apple from $225.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Maxim Group lowered their price objective on shares of Apple from $211.00 to $204.00 and set a “hold” rating on the stock in a research report on Wednesday. Cascend Securities restated a “buy” rating and set a $240.00 price objective (up previously from $210.00) on shares of Apple in a research report on Thursday, June 20th. Loop Capital raised their price objective on shares of Apple to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI initiated coverage on shares of Apple in a research report on Thursday, June 6th. They set an “outperform” rating and a $205.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $217.25.

In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $214.02, for a total value of $3,745,350.00. Following the sale, the director now owns 1,150,783 shares of the company’s stock, valued at approximately $246,290,577.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. In the last three months, insiders sold 304,536 shares of company stock worth $62,894,611. Insiders own 0.05% of the company’s stock.

Apple stock traded down $4.34 during trading hours on Friday, reaching $218.75. The stock had a trading volume of 37,382,340 shares, compared to its average volume of 24,957,554. The stock has a market cap of $1,008.16 billion, a PE ratio of 19.02, a PEG ratio of 1.85 and a beta of 1.24. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The company has a fifty day simple moving average of $207.36 and a 200-day simple moving average of $196.71.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. Research analysts predict that Apple Inc. will post 11.68 earnings per share for the current fiscal year.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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