Applied Capital LLC Sells 300 Shares of Apple Inc. (NASDAQ:AAPL)

Applied Capital LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,367 shares of the iPhone maker’s stock after selling 300 shares during the period. Apple comprises about 1.0% of Applied Capital LLC’s holdings, making the stock its 22nd largest position. Applied Capital LLC’s holdings in Apple were worth $1,433,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 8,734,393 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. Swiss National Bank raised its holdings 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 valued at $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, Verity Asset Management Inc. raised its holdings in shares of Apple by 29,097.9% in the first quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock valued at $189,000 after purchasing an additional 5,282,726 shares during the last quarter. 57.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. JPMorgan Chase & Co. set a $180.00 price objective on shares of Apple and gave the stock an “overweight” rating in a report on Thursday, January 19th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Needham & Company LLC restated a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Tuesday, November 8th. Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and cut their target price for the stock from $189.00 to $160.00 in a research report on Friday, September 30th. Finally, BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued 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, Apple has a consensus rating of “Moderate Buy” and an average target price of $166.44.

Insider Activity

In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, 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 document filed with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, 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 document filed with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

Shares of Apple stock opened at $142.53 on Wednesday. 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 company’s fifty day simple moving average is $138.42 and its two-hundred day simple moving average is $148.11. The company has a market cap of $2.26 trillion, a P/E ratio of 23.33, a PEG ratio of 1.78 and a beta of 1.24. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last issued 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 $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. Research analysts anticipate that Apple Inc. will post 6.19 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced 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 0.65%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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