Apple Inc. (NASDAQ:AAPL) Holdings Lowered by LCM Capital Management Inc

LCM Capital Management Inc cut its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,905 shares of the iPhone maker’s stock after selling 1,777 shares during the quarter. Apple accounts for approximately 6.2% of LCM Capital Management Inc’s holdings, making the stock its 4th biggest holding. LCM Capital Management Inc’s holdings in Apple were worth $6,276,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AAPL. Vanguard Group Inc. increased its stake in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares during the period. Swiss National Bank increased its stake in shares of Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after buying an additional 8,230,300 shares during the period. Wellington Management Group LLP increased its stake in shares of Apple by 10.1% in the first quarter. Wellington Management Group LLP now owns 67,133,546 shares of the iPhone maker’s stock worth $11,722,187,000 after buying an additional 6,162,898 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Apple by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,435,007 shares of the iPhone maker’s stock worth $6,758,754,000 after buying an additional 1,003,177 shares during the period. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 457,386 shares of company stock worth $70,627,433. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $138.38 on Friday. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.83 and a beta of 1.25. The firm’s 50-day moving average is $149.29 and its 200 day moving average is $150.94. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. Sell-side analysts anticipate that Apple Inc. will post 6.34 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Itau BBA Securities began coverage on shares of Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price target on shares of Apple in a report on Thursday, September 8th. set a $175.00 price target on shares of Apple in a report on Friday, July 29th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a report on Monday, September 12th. Finally, Barclays lifted their price target on shares of Apple from $155.00 to $156.00 and gave the company an “equal weight” rating in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.56.

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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