Apple Inc. (NASDAQ:AAPL) Stock Holdings Lowered by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,060 shares of the iPhone maker’s stock after selling 35,657 shares during the period. Apple comprises 7.2% of Affinity Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Affinity Capital Advisors LLC’s holdings in Apple were worth $34,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AAPL. Alight Capital Management LP increased its position in shares of Apple by 400.5% during the second quarter. Alight Capital Management LP now owns 150,143 shares of the iPhone maker’s stock worth $31,623,000 after acquiring an additional 120,143 shares during the period. Alley Investment Management Company LLC lifted its position in shares of Apple by 0.3% during the 2nd quarter. Alley Investment Management Company LLC now owns 133,082 shares of the iPhone maker’s stock valued at $28,030,000 after acquiring an additional 370 shares during the period. Alpha DNA Investment Management LLC lifted its stake in Apple by 49.5% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 20,483 shares of the iPhone maker’s stock valued at $4,314,000 after buying an additional 6,785 shares in the last quarter. Wick Capital Partners LLC lifted its position in Apple by 12.0% during the second quarter. Wick Capital Partners LLC now owns 9,122 shares of the iPhone maker’s stock worth $1,921,000 after buying an additional 974 shares during the period. Finally, Caxton Associates LP increased its position in Apple by 222.3% during the 2nd quarter. Caxton Associates LP now owns 508,623 shares of the iPhone maker’s stock worth $107,126,000 after purchasing an additional 350,790 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 of the company’s stock, valued at approximately $3,469,275. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 412,746 shares of company stock valued at $93,021,362. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Citigroup boosted their price target on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Rosenblatt Securities increased their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and upped their target price for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Stock Performance

Shares of AAPL stock opened at $224.23 on Wednesday. The company has a market capitalization of $3.39 trillion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The business’s fifty day moving average is $226.72 and its 200 day moving average is $215.06. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s payout ratio is 16.45%.

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.