Tradewinds Capital Management LLC Sells 4,035 Shares of Apple Inc. (NASDAQ:AAPL)

Tradewinds Capital Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 19.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,163 shares of the iPhone maker’s stock after selling 4,035 shares during the quarter. Apple accounts for approximately 1.0% of Tradewinds Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Tradewinds Capital Management LLC’s holdings in Apple were worth $3,812,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Conquis Financial LLC bought a new position in shares of Apple in the fourth quarter valued at about $63,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at about $65,000. Pillar Financial Advisors LLC bought a new position in shares of Apple in the fourth quarter valued at about $82,000. Compass Planning Associates Inc bought a new position in Apple during the fourth quarter worth about $96,000. Finally, Sellwood Investment Partners LLC bought a new position in Apple during the fourth quarter worth about $147,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and set a $217.00 price target on shares of Apple in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Bank of America lifted their target price on shares of Apple from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Barclays raised their price target on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Finally, Citigroup lifted their price objective on shares of Apple from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.60.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $232.78 on Friday. The company’s 50-day moving average is $209.13 and its 200 day moving average is $213.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.45 trillion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.16. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 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.