Vigilare Wealth Management Reduces Holdings in Apple Inc. (NASDAQ:AAPL)

Vigilare Wealth Management reduced its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,330 shares of the iPhone maker’s stock after selling 945 shares during the period. Apple comprises approximately 7.6% of Vigilare Wealth Management’s holdings, making the stock its 2nd largest position. Vigilare Wealth Management’s holdings in Apple were worth $7,018,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Elk River Wealth Management LLC raised its stake in Apple by 49.0% during the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock valued at $29,181,000 after buying an additional 54,989 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Apple by 8.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after buying an additional 5,703 shares during the last quarter. Piscataqua Savings Bank raised its stake in Apple by 1.5% during the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock valued at $8,302,000 after buying an additional 684 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Apple during the 1st quarter valued at $171,000. Finally, Chico Wealth RIA bought a new stake in shares of Apple during the 1st quarter valued at $7,794,000. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $201.00 price objective on shares of Apple in a research report on Thursday, September 8th. Oppenheimer reissued an “outperform” rating and set a $190.00 price objective on shares of Apple in a research report on Wednesday, June 8th. Itau BBA Securities assumed coverage on shares of Apple in a research report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research report on Monday, September 12th. Finally, KeyCorp boosted their price objective on shares of Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.68.

Insider Activity

In other news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple 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 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 $19,362,241.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $153.72 on Thursday. The firm has a market cap of $2.47 trillion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The firm’s 50 day simple moving average is $160.23 and its 200-day simple moving average is $155.88. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Apple’s dividend payout ratio is presently 15.18%.

About Apple

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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