Apple Inc. (NASDAQ:AAPL) is William Allan Corp’s Largest Position

William Allan Corp decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,670 shares of the iPhone maker’s stock after selling 1,070 shares during the period. Apple accounts for 7.5% of William Allan Corp’s investment portfolio, making the stock its biggest position. William Allan Corp’s holdings in Apple were worth $9,828,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Center For Asset Management LLC boosted its holdings in shares of Apple by 53.3% during the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock worth $4,247,000 after purchasing an additional 7,616 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its holdings in Apple by 8.3% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock valued at $129,447,000 after acquiring an additional 60,000 shares during the last quarter. Arista Wealth Management LLC boosted its holdings in Apple by 1.0% in the first quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock valued at $4,399,000 after acquiring an additional 261 shares during the last quarter. Conrad Siegel Investment Advisors Inc. boosted its holdings in Apple by 22.2% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after acquiring an additional 1,436 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Apple by 2.3% in the first quarter. Thrivent Financial for Lutherans now owns 3,919,534 shares of the iPhone maker’s stock valued at $646,332,000 after acquiring an additional 89,615 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $186.40 on Monday. The stock has a market capitalization of $2.90 trillion, a P/E ratio of 30.46, a P/E/G ratio of 2.58 and a beta of 1.30. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The business’s fifty day moving average is $176.47 and its two-hundred day moving average is $180.18. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07. The company had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Dividend Announcement

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 issued a $0.24 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 0.52%. Apple’s dividend payout ratio is currently 15.69%.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 31,685 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the transaction, the chief financial officer now owns 107,661 shares of the company’s stock, valued at $19,237,944.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Apple news, SVP Deirdre O’brien sold 65,536 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $23,483,548.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the sale, the chief financial officer now directly owns 107,661 shares in the company, valued at $19,237,944.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 439,585 shares of company stock valued at $76,485,550. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Canaccord Genuity Group raised their price objective on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Citigroup reissued a “buy” rating and issued a $240.00 price objective on shares of Apple in a research report on Friday, August 4th. UBS Group reissued a “neutral” rating and issued a $190.00 price objective on shares of Apple in a research report on Wednesday, September 27th. The Goldman Sachs Group dropped their target price on Apple from $222.00 to $216.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $195.00 target price on shares of Apple in a research report on Monday, October 9th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.82.

Apple Company Profile

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.