Apple Inc. (NASDAQ:AAPL) Shares Sold by 3D L Capital Management LLC

3D L Capital Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,348 shares of the iPhone maker’s stock after selling 97 shares during the quarter. 3D L Capital Management LLC’s holdings in Apple were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mokosak Advisory Group LLC increased its position in Apple by 1.4% during the 2nd quarter. Mokosak Advisory Group LLC now owns 5,782 shares of the iPhone maker’s stock worth $791,000 after purchasing an additional 80 shares in the last quarter. Cypress Funds LLC increased its position in Apple by 97.1% during the 2nd quarter. Cypress Funds LLC now owns 731,800 shares of the iPhone maker’s stock worth $77,724,000 after purchasing an additional 360,468 shares in the last quarter. Pavion Blue Capital LLC increased its position in Apple by 2.7% during the 2nd quarter. Pavion Blue Capital LLC now owns 11,162 shares of the iPhone maker’s stock worth $1,526,000 after purchasing an additional 294 shares in the last quarter. First Horizon Advisors Inc. increased its position in Apple by 13.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 417,732 shares of the iPhone maker’s stock worth $57,111,000 after purchasing an additional 48,389 shares in the last quarter. Finally, Tobam increased its position in Apple by 44.8% during the 2nd quarter. Tobam now owns 22,576 shares of the iPhone maker’s stock worth $3,087,000 after purchasing an additional 6,981 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Fundamental Research increased their target price on shares of Apple to $168.50 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Evercore ISI upped their price target on Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday, September 20th. UBS Group decreased their price target on Apple from $185.00 to $180.00 in a report on Tuesday, November 8th. Finally, KeyCorp restated a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Insider Activity

In other news, CFO Luca Maestri sold 96,735 shares of the firm’s 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 transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of Apple 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 transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 457,386 shares of company stock valued at $70,627,433. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $148.28 on Tuesday. 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. The business’s fifty day moving average price is $147.51 and its two-hundred day moving average price is $150.05. The firm has a market capitalization of $2.36 trillion, a PE ratio of 24.27, a P/E/G ratio of 1.89 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.02. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. On average, research analysts expect that Apple Inc. will post 6.32 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio (DPR) is 15.06%.

Apple Company 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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