Apple Inc. $AAPL is LaSalle St. Investment Advisors LLC’s 4th Largest Position

LaSalle St. Investment Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,101 shares of the iPhone maker’s stock after selling 6,565 shares during the period. Apple makes up about 3.3% of LaSalle St. Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. LaSalle St. Investment Advisors LLC’s holdings in Apple were worth $14,016,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AAPL. Vanguard Group Inc. raised its holdings in shares of Apple by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Apple by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock valued at $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Norges Bank purchased a new position in shares of Apple during the fourth quarter valued at approximately $46,868,648,000. Northern Trust Corp raised its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing 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 holdings in shares of Apple by 14.3% during the fourth 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 purchasing an additional 13,137,968 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $239.69 on Friday. The firm has a 50 day moving average of $219.28 and a 200 day moving average of $212.64. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid 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 payout ratio is 15.78%.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple 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. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AAPL shares. Loop Capital decreased their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Citigroup boosted their price objective on shares of Apple from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, July 25th. Wedbush reissued an “outperform” rating and set a $270.00 price objective on shares of Apple in a report on Wednesday. Finally, Monness Crespi & Hardt boosted their price objective on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.05.

Apple 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.