Apple Inc. (NASDAQ:AAPL) Position Decreased by Xponance Inc.

Xponance Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,505,428 shares of the iPhone maker’s stock after selling 4,661 shares during the period. Apple accounts for approximately 7.5% of Xponance Inc.’s holdings, making the stock its 2nd largest position. Xponance Inc.’s holdings in Apple were worth $738,313,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAPL. Granite Investment Partners LLC lifted its stake in shares of Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after buying an additional 7,606 shares in the last quarter. Bellwether Advisors LLC grew its position in shares of Apple by 387.3% during the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC bought a new stake in Apple during the 2nd quarter valued at approximately $876,000. Independent Advisor Alliance lifted its holdings in Apple by 0.9% in the 2nd quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock worth $193,926,000 after purchasing an additional 8,028 shares in the last quarter. Finally, WT Asset Management Ltd bought a new position in Apple in the 2nd quarter worth approximately $80,057,000. 60.41% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 412,746 shares of company stock worth $93,021,362. Insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL opened at $226.96 on Monday. The firm has a market capitalization of $3.43 trillion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business’s 50-day moving average is $226.82 and its two-hundred day moving average is $214.36. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the business earned $1.46 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group reissued a “hold” rating and issued a $236.00 target price on shares of Apple in a report on Wednesday, October 16th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and raised their price objective for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Tigress Financial increased their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

Apple 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.