Human Investing LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,359 shares of the iPhone maker’s stock after selling 2,168 shares during the quarter. Apple accounts for 0.9% of Human Investing LLC’s investment portfolio, making the stock its 21st largest holding. Human Investing LLC’s holdings in Apple were worth $3,904,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of AAPL. Joseph Group Capital Management acquired a new position in shares of Apple during the 4th quarter worth $1,631,000. Cardinal Capital Management Inc. grew its stake in shares of Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after purchasing an additional 221 shares during the period. Shore Point Advisors LLC acquired a new stake in Apple in the 4th quarter valued at about $41,000. St. James Investment Advisors LLC acquired a new stake in Apple in the 4th quarter valued at about $57,000. Finally, Emerson Wealth LLC grew its stake in Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AAPL shares. Loop Capital lowered their price objective on shares of Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. KeyCorp increased their price objective on shares of Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, August 19th. Oppenheimer reissued an “outperform” rating and issued a $190.00 price objective on shares of Apple in a research note on Wednesday, June 8th. Itau BBA Securities began coverage on shares of Apple in a research note on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of Apple from $180.00 to $185.00 in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.18.
Apple Stock Down 3.8 %
Shares of NASDAQ:AAPL opened at $163.62 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a 50 day moving average of $154.62 and a two-hundred day moving average of $157.14. The company has a market capitalization of $2.63 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter last year, the company earned $1.30 earnings per share. Apple’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, August 5th. Apple’s payout ratio is currently 15.18%.
Insider Transactions at Apple
In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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