Apple Inc. $AAPL Shares Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 35.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,681 shares of the iPhone maker’s stock after selling 16,097 shares during the quarter. Apple accounts for 1.3% of Hohimer Wealth Management LLC’s holdings, making the stock its 13th largest holding. Hohimer Wealth Management LLC’s holdings in Apple were worth $6,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Vanguard Group Inc. raised its stake in Apple by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after acquiring an additional 49,168,843 shares during the last quarter. Geode Capital Management LLC raised its stake in Apple by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock valued at $84,999,145,000 after acquiring an additional 6,307,413 shares during the last quarter. Norges Bank purchased a new stake in Apple during the 4th quarter valued at approximately $46,868,648,000. Northern Trust Corp raised its stake in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after acquiring an additional 13,137,968 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $232.14 on Friday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market cap of $3.45 trillion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. The business’s fifty day moving average price is $215.79 and its two-hundred day moving average price is $213.08. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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. The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 EPS. On average, analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is currently 15.78%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Apple from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. BMO Capital Markets reiterated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Citigroup boosted their target price on Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $266.00 target price on shares of Apple in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $237.37.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated 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 directly owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.