Apple Inc. $AAPL Shares Sold by Capital Management Corp VA

Capital Management Corp VA trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 8.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,490 shares of the iPhone maker’s stock after selling 332 shares during the period. Capital Management Corp VA’s holdings in Apple were worth $775,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Advanced Portfolio Management LLC raised its position in Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock worth $3,260,000 after acquiring an additional 47 shares in the last quarter. Salus Financial Advisors LLC lifted its position in shares of Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after acquiring an additional 49 shares in the last quarter. Disciplined Investments LLC lifted its position in shares of Apple by 0.7% in the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock valued at $1,794,000 after acquiring an additional 51 shares in the last quarter. Sharpepoint LLC increased its stake in Apple by 3.5% in the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after purchasing an additional 51 shares during the last quarter. Finally, Redwood Financial Network Corp increased its stake in Apple by 0.6% in the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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 on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of 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 company has a 50-day moving average of $215.79 and a two-hundred day moving average of $212.91. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.42 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping 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 firm had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the previous year, the company posted $1.40 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on AAPL shares. Bank of America restated a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Monday, August 25th. The Goldman Sachs Group restated a “buy” rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday. Monness Crespi & Hardt increased their target price on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley increased their price target on Apple from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.37.

About Apple

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.