D L Carlson Investment Group Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 21.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,275 shares of the iPhone maker’s stock after selling 15,000 shares during the period. Apple makes up approximately 3.0% of D L Carlson Investment Group Inc.’s holdings, making the stock its 2nd biggest position. D L Carlson Investment Group Inc.’s holdings in Apple were worth $9,442,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Smart Portfolios LLC bought a new position in shares of Apple in the first quarter worth about $134,000. Macroview Investment Management LLC increased its stake in shares of Apple by 220.3% in the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after purchasing an additional 619 shares during the period. Litman Gregory Asset Management LLC increased its stake in shares of Apple by 553.8% in the first quarter. Litman Gregory Asset Management LLC now owns 1,033 shares of the iPhone maker’s stock worth $173,000 after purchasing an additional 875 shares during the period. Stuart Chaussee & Associates Inc. increased its stake in shares of Apple by 940.8% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,072 shares of the iPhone maker’s stock worth $181,000 after purchasing an additional 969 shares during the period. Finally, Delphi Private Advisors LLC increased its stake in shares of Apple by 8,292.9% in the fourth quarter. Delphi Private Advisors LLC now owns 1,175 shares of the iPhone maker’s stock worth $199,000 after purchasing an additional 1,161 shares during the period. 58.62% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the company. Loop Capital lifted their price objective on Apple from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 6th. Wells Fargo & Co set a $210.00 price objective on Apple and gave the stock a “neutral” rating in a research note on Wednesday. Needham & Company LLC lifted their price objective on Apple from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. BidaskClub lowered Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $224.16.
AAPL stock opened at $226.87 on Thursday. Apple Inc. has a 1-year low of $149.16 and a 1-year high of $229.67. The company has a market capitalization of $1,118.83 billion, a PE ratio of 24.63, a P/E/G ratio of 1.77 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.31.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. 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 16th. Stockholders of record on Monday, August 13th were paid a $0.73 dividend. The ex-dividend date was Friday, August 10th. This represents a $2.92 annualized dividend and a dividend yield of 1.29%. Apple’s dividend payout ratio is currently 31.70%.
In other news, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Angela J. Ahrendts sold 6,568 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $188.81, for a total value of $1,240,104.08. Following the completion of the transaction, the insider now directly owns 79,476 shares in the company, valued at $15,005,863.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 400,621 shares of company stock worth $85,281,642. Corporate insiders own 0.06% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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