Beck Bode LLC Has $15.70 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Beck Bode LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,832 shares of the iPhone maker’s stock after selling 4,620 shares during the quarter. Apple comprises 3.3% of Beck Bode LLC’s investment portfolio, making the stock its 2nd largest position. Beck Bode LLC’s holdings in Apple were worth $15,700,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Cooper Financial Group lifted its position in Apple by 2.2% in the 1st quarter. Cooper Financial Group now owns 114,581 shares of the iPhone maker’s stock worth $20,007,000 after buying an additional 2,516 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares during the last quarter. Platt Investment Counsel LLC lifted its position in Apple by 27.4% in the 1st quarter. Platt Investment Counsel LLC now owns 1,707 shares of the iPhone maker’s stock worth $298,000 after buying an additional 367 shares during the last quarter. Veery Capital LLC lifted its position in Apple by 9.2% in the 1st quarter. Veery Capital LLC now owns 8,030 shares of the iPhone maker’s stock worth $1,402,000 after buying an additional 679 shares during the last quarter. Finally, LCM Capital Management Inc lifted its position in Apple by 3.6% in the 1st quarter. LCM Capital Management Inc now owns 47,682 shares of the iPhone maker’s stock worth $8,326,000 after buying an additional 1,638 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 457,386 shares of company stock valued at $70,627,433. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Down 0.4 %

NASDAQ AAPL opened at $138.38 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The stock’s 50 day moving average is $149.29 and its 200 day moving average is $150.83. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The firm has a market capitalization of $2.20 trillion, a PE ratio of 22.65, a P/E/G ratio of 1.75 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 6.34 earnings per share 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 issued a $0.23 dividend. 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 (DPR) is 15.06%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Bank of America downgraded Apple from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $185.00 to $160.00 in a research report on Thursday, September 29th. Rosenblatt Securities raised Apple from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $189.00 in a research note on Thursday, September 29th. Credit Suisse Group decreased their price target on Apple from $190.00 to $184.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Wells Fargo & Company decreased their price target on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $139.00 price target on shares of Apple in a research note on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.56.

Apple Profile

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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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