Apple Inc. (NASDAQ:AAPL) Shares Sold by Continental Investors Services Inc.

Continental Investors Services Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,178 shares of the iPhone maker’s stock after selling 82 shares during the quarter. Apple accounts for approximately 2.9% of Continental Investors Services Inc.’s investment portfolio, making the stock its 10th largest holding. Continental Investors Services Inc.’s holdings in Apple were worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brasada Capital Management LP lifted its holdings in Apple by 6.5% in the first quarter. Brasada Capital Management LP now owns 52,514 shares of the iPhone maker’s stock valued at $9,170,000 after acquiring an additional 3,209 shares during the period. American Trust lifted its holdings in Apple by 20.3% in the first quarter. American Trust now owns 76,921 shares of the iPhone maker’s stock valued at $13,431,000 after acquiring an additional 12,977 shares during the period. Peachtree Investment Partners LLC lifted its holdings in Apple by 1.3% in the first quarter. Peachtree Investment Partners LLC now owns 194,355 shares of the iPhone maker’s stock valued at $33,936,000 after acquiring an additional 2,408 shares during the period. Vise Technologies Inc. raised its stake in shares of Apple by 79.2% during the 1st quarter. Vise Technologies Inc. now owns 21,619 shares of the iPhone maker’s stock worth $3,775,000 after buying an additional 9,554 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Apple by 0.8% during the 1st quarter. Rehmann Capital Advisory Group now owns 141,201 shares of the iPhone maker’s stock worth $24,659,000 after buying an additional 1,124 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAPL shares. UBS Group set a $185.00 target price on Apple in a research note on Wednesday. KeyCorp upped their target price on Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, August 19th. Monness Crespi & Hardt started coverage on Apple in a research note on Thursday, September 8th. They set a “buy” rating and a $174.00 target price for the company. Wedbush upped their target price on Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Finally, set a $175.00 price target on Apple in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.52.

Apple Price Performance

AAPL opened at $150.70 on Friday. The stock’s 50-day moving average price is $159.58 and its 200 day moving average price is $156.18. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.01 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Apple’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s payout ratio is 15.18%.

Apple Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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