Solstein Capital LLC Raises Holdings in Apple Inc. (NASDAQ:AAPL)

Solstein Capital LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,532 shares of the iPhone maker’s stock after purchasing an additional 1,360 shares during the quarter. Apple comprises about 11.4% of Solstein Capital LLC’s portfolio, making the stock its biggest holding. Solstein Capital LLC’s holdings in Apple were worth $13,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Private Wealth LLC bought a new position in Apple during the first quarter valued at about $30,000. Cheyne Capital Management UK LLP lifted its holdings in Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the last quarter. HBC Financial Services PLLC boosted its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Clear Perspectives Financial Planning LLC grew its stake in shares of Apple by 27.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after purchasing an additional 211 shares during the last quarter. Finally, NNS Holding acquired a new stake in Apple during the second quarter valued at approximately $193,000. Institutional investors own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAPL. KeyCorp restated a “sector weight” rating on shares of Apple in a report on Monday, October 30th. Wedbush reissued an “outperform” rating and issued a $240.00 price target on shares of Apple in a research note on Wednesday, November 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $195.00 target price on shares of Apple in a report on Monday, October 9th. Citigroup restated a “buy” rating and issued a $240.00 price target on shares of Apple in a research report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.82.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 65,536 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the sale, the senior vice president now owns 136,445 shares in the company, valued at $23,483,548.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Jeffrey E. Williams sold 69,785 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $177.00, for a total value of $12,351,945.00. Following the completion of the transaction, the chief operating officer now directly owns 489,817 shares in the company, valued at $86,697,609. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 439,585 shares of company stock worth $76,485,550. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $182.89 on Thursday. The company has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.48 and a beta of 1.30. The business has a 50 day moving average price of $176.64 and a 200 day moving average price of $179.78. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $198.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. Research analysts predict that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.52%. Apple’s dividend payout ratio is 16.13%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.