Apple Inc. (AAPL) Holdings Trimmed by Wills Financial Group Inc.

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Wills Financial Group Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.2% during the first quarter, Holdings Channel reports. The fund owned 33,147 shares of the iPhone maker’s stock after selling 1,823 shares during the quarter. Apple comprises 4.1% of Wills Financial Group Inc.’s holdings, making the stock its 5th largest position. Wills Financial Group Inc.’s holdings in Apple were worth $5,561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. RBO & Co. LLC boosted its stake in shares of Apple by 11.5% in the 1st quarter. RBO & Co. LLC now owns 69,380 shares of the iPhone maker’s stock valued at $11,641,000 after purchasing an additional 7,151 shares during the last quarter. Weik Capital Management boosted its stake in shares of Apple by 21.2% in the 1st quarter. Weik Capital Management now owns 8,041 shares of the iPhone maker’s stock valued at $1,349,000 after purchasing an additional 1,405 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Apple in the 1st quarter valued at $2,816,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Apple by 0.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 386,772 shares of the iPhone maker’s stock valued at $64,893,000 after purchasing an additional 3,100 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its stake in shares of Apple by 0.4% in the 1st quarter. M&R Capital Management Inc. now owns 92,320 shares of the iPhone maker’s stock valued at $15,489,000 after purchasing an additional 385 shares during the last quarter. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 6,568 shares of the company’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $188.81, for a total transaction of $1,240,104.08. Following the completion of the sale, the insider now owns 79,476 shares of the company’s stock, valued at approximately $15,005,863.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 384,968 shares of company stock valued at $82,292,858. Company insiders own 0.08% of the company’s stock.

AAPL traded down $0.10 during trading on Friday, hitting $223.00. 276,957 shares of the company’s stock were exchanged, compared to its average volume of 26,185,766. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. Apple Inc. has a fifty-two week low of $149.16 and a fifty-two week high of $229.67. The company has a market cap of $1,115.10 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.76 and a beta of 1.33.

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, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The firm had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $52.43 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. equities analysts forecast that Apple Inc. will post 11.68 earnings per share for the current fiscal year.

The company also recently announced 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 1.31%. Apple’s payout ratio is 31.70%.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Piper Jaffray Companies upped their price objective on shares of Apple from $218.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday. Macquarie set a $214.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 27th. Atlantic Securities reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Apple in a research note on Wednesday, August 1st. Finally, HSBC set a $205.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $225.97.

Apple 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.

Further Reading: Return on Investment (ROI)

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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