Apple Inc. (NASDAQ:AAPL) Shares Sold by Nvwm LLC

Nvwm LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,585 shares of the iPhone maker’s stock after selling 1,917 shares during the period. Apple comprises approximately 4.0% of Nvwm LLC’s investment portfolio, making the stock its 2nd biggest position. Nvwm LLC’s holdings in Apple were worth $13,205,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AAPL. Gibson Capital LLC increased its position in Apple by 3.1% during the 3rd quarter. Gibson Capital LLC now owns 3,367 shares of the iPhone maker’s stock worth $576,000 after purchasing an additional 100 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Apple by 225.1% during the third quarter. SYM FINANCIAL Corp now owns 26,110 shares of the iPhone maker’s stock worth $4,470,000 after buying an additional 18,079 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Apple by 2.3% in the 3rd quarter. Archford Capital Strategies LLC now owns 56,146 shares of the iPhone maker’s stock valued at $9,613,000 after acquiring an additional 1,263 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Apple by 11.0% during the 3rd quarter. Angeles Wealth Management LLC now owns 101,295 shares of the iPhone maker’s stock valued at $17,343,000 after acquiring an additional 10,060 shares in the last quarter. Finally, Cable Hill Partners LLC grew its position in Apple by 3.1% during the 3rd quarter. Cable Hill Partners LLC now owns 64,022 shares of the iPhone maker’s stock worth $10,961,000 after acquiring an additional 1,912 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the transaction, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 4,999 shares of Apple stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the sale, the insider now owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the transaction, the director now owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Insiders sold a total of 346,270 shares of company stock valued at $60,880,196 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. Canaccord Genuity Group boosted their target price on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Saturday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Wedbush raised their target price on Apple from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. DZ Bank reaffirmed a “hold” rating and set a $180.00 target price on shares of Apple in a report on Thursday, March 28th. Finally, Canaccord Genuity Group lifted their price objective on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $205.59.

Check Out Our Latest Analysis on Apple

Apple Price Performance

Shares of NASDAQ:AAPL opened at $195.87 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The stock has a market cap of $3.00 trillion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. The stock’s fifty day simple moving average is $178.94 and its two-hundred day simple moving average is $183.37. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. During the same period last year, the firm earned $1.52 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple declared that its board has approved a stock repurchase plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is presently 15.55%.

About Apple

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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