Apple Inc. (NASDAQ:AAPL) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,272 shares of the iPhone maker’s stock after selling 185 shares during the period. Uncommon Cents Investing LLC’s holdings in Apple were worth $2,282,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AAPL. Conquis Financial LLC acquired a new position in shares of Apple in the fourth quarter worth about $63,000. LSV Asset Management acquired a new position in shares of Apple in the fourth quarter worth about $65,000. Pillar Financial Advisors LLC acquired a new position in shares of Apple in the fourth quarter worth about $82,000. Compass Planning Associates Inc acquired a new position in shares of Apple in the fourth quarter worth about $96,000. Finally, Collier Financial acquired a new position in shares of Apple in the fourth quarter worth about $140,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the transaction, the insider owned 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AAPL shares. UBS Group raised their target price on shares of Apple from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday. KeyCorp upgraded shares of Apple from an “underweight” rating to a “sector weight” rating in a report on Monday, April 14th. Loop Capital decreased their price target on shares of Apple from $230.00 to $215.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating in a report on Friday, July 18th. Finally, Evercore ISI raised their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.25.

Apple Price Performance

Shares of Apple stock opened at $202.38 on Friday. The firm has a fifty day simple moving average of $205.37 and a 200-day simple moving average of $213.60. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.22 and a beta of 1.17.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 172.48%. The business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Apple’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its Board of Directors has initiated a share buyback program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 11th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Apple’s payout ratio is 15.78%.

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.