LSV Asset Management lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 623,502 shares of the iPhone maker’s stock after selling 138,000 shares during the period. LSV Asset Management’s holdings in Apple were worth $123,403,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Roanoke Asset Management Corp NY lifted its stake in shares of Apple by 1.1% in the 2nd quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock valued at $873,000 after purchasing an additional 50 shares during the period. Monument Capital Management lifted its stake in shares of Apple by 2.2% in the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after purchasing an additional 53 shares during the period. Landmark Financial Advisors LLC lifted its stake in shares of Apple by 0.7% in the 2nd quarter. Landmark Financial Advisors LLC now owns 7,357 shares of the iPhone maker’s stock valued at $1,456,000 after purchasing an additional 53 shares during the period. MA Private Wealth lifted its stake in shares of Apple by 0.3% in the 2nd quarter. MA Private Wealth now owns 16,134 shares of the iPhone maker’s stock valued at $3,193,000 after purchasing an additional 56 shares during the period. Finally, Timber Creek Capital Management LLC lifted its stake in shares of Apple by 0.3% in the 2nd quarter. Timber Creek Capital Management LLC now owns 16,839 shares of the iPhone maker’s stock valued at $3,332,000 after purchasing an additional 56 shares during the period. Institutional investors own 58.77% of the company’s stock.
In other Apple news, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the sale, the director now directly owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The disclosure for this sale can be found here. Insiders have sold a total of 304,536 shares of company stock valued at $62,894,611 over the last three months. Corporate insiders own 0.05% of the company’s stock.
AAPL has been the topic of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $240.00 price objective (up from $202.00) on shares of Apple in a research note on Wednesday, July 31st. Loop Capital boosted their price objective on Apple to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. UBS Group set a $235.00 target price on Apple and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank set a $210.00 target price on Apple and gave the company a “hold” rating in a research report on Wednesday, September 4th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Apple in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $218.82.
Shares of AAPL opened at $223.09 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The stock has a 50 day moving average price of $207.16 and a two-hundred day moving average price of $196.48. The firm has a market capitalization of $967.87 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.77 and a beta of 1.24. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 EPS. On average, equities analysts forecast that Apple Inc. will post 11.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, August 9th. Apple’s dividend payout ratio is currently 25.86%.
Apple Company Profile
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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