Auxano Advisors LLC Sells 3,318 Shares of Apple Inc. $AAPL

Auxano Advisors LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 144,189 shares of the iPhone maker’s stock after selling 3,318 shares during the quarter. Apple accounts for about 8.5% of Auxano Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Auxano Advisors LLC’s holdings in Apple were worth $32,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Advanced Portfolio Management LLC increased its holdings in Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC grew its stake in 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 during the period. Disciplined Investments LLC grew its stake in 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 during the period. Sharpepoint LLC grew 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 acquiring an additional 51 shares during the period. Finally, Redwood Financial Network Corp grew 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 acquiring an additional 53 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $232.14 on Friday. 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 stock’s 50-day simple moving average is $215.79 and its 200 day simple moving average is $212.91. The company has a market cap of $3.45 trillion, a P/E ratio of 35.23, a P/E/G ratio of 2.42 and a beta of 1.16. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 15.78%.

Analyst Ratings Changes

A number of research firms have issued reports on AAPL. Loop Capital decreased their target price on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on 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 reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Monday, August 25th. Evercore ISI restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Wednesday, August 13th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $217.00 price target on shares of Apple in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Apple presently has an average 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.