Apple Inc. (NASDAQ:AAPL) Position Reduced by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,467 shares of the iPhone maker’s stock after selling 3,535 shares during the period. Apple comprises 5.2% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its largest position. Van Hulzen Asset Management LLC’s holdings in Apple were worth $43,678,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Aaron Wealth Advisors LLC increased its holdings in Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after purchasing an additional 25,989,570 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after buying an additional 9,354,484 shares during the period. Vanguard Group Inc. grew 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 valued at $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. Swiss National Bank raised its holdings in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after buying an additional 8,230,300 shares during the period. Finally, CFS Investment Advisory Services LLC lifted its position in Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after acquiring an additional 7,416,445 shares in the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. The Goldman Sachs Group reiterated a “neutral” rating and set a $139.00 price objective on shares of Apple in a research note on Thursday, September 8th. Bank of America cut their price objective on shares of Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. UBS Group set a $180.00 target price on Apple in a research note on Wednesday. Sanford C. Bernstein set a $170.00 price target on Apple in a report on Monday, September 12th. Finally, Barclays lowered their price objective on Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th. 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’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Stock Up 0.6 %

NASDAQ:AAPL opened at $151.07 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average of $146.62 and a 200-day moving average of $149.67. The firm has a market capitalization of $2.40 trillion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. 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 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 transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold a total of 380,851 shares of company stock worth $56,707,789 in the last ninety days. 0.06% of the stock is owned by insiders.

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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Recommended Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.