GSA Capital Partners LLP Sells 28,198 Shares of Apple Inc. $AAPL

GSA Capital Partners LLP reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 85.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,775 shares of the iPhone maker’s stock after selling 28,198 shares during the period. GSA Capital Partners LLP’s holdings in Apple were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. increased its holdings in shares of Apple by 19.3% in the first quarter. Federated Hermes Inc. now owns 3,097,110 shares of the iPhone maker’s stock valued at $687,961,000 after purchasing an additional 500,703 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Apple by 74.9% in the first quarter. Geneos Wealth Management Inc. now owns 281,729 shares of the iPhone maker’s stock valued at $62,580,000 after acquiring an additional 120,663 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in shares of Apple by 32.8% in the first quarter. N.E.W. Advisory Services LLC now owns 89,036 shares of the iPhone maker’s stock valued at $19,778,000 after acquiring an additional 21,990 shares in the last quarter. Morningstar Investment Management LLC boosted its position in Apple by 19.1% during the first quarter. Morningstar Investment Management LLC now owns 232,178 shares of the iPhone maker’s stock worth $51,574,000 after acquiring an additional 37,265 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its position in Apple by 9.7% during the first quarter. Kirtland Hills Capital Management LLC now owns 18,209 shares of the iPhone maker’s stock worth $4,045,000 after acquiring an additional 1,614 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $239.78 on Friday. The company has a market cap of $3.56 trillion, a P/E ratio of 36.39, a P/E/G ratio of 2.49 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The business has a fifty day simple moving average of $218.50 and a 200-day simple moving average of $212.89.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share. Apple’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued 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 of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the business’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 completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. BMO Capital Markets restated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Barclays upped their price target on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. UBS Group increased their price objective on Apple from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Bank of America upped their target price on Apple from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup increased their price objective on Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.05.

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.