Apple Inc. $AAPL Shares Sold by Annandale Capital LLC

Annandale Capital LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,589 shares of the iPhone maker’s stock after selling 133 shares during the quarter. Apple makes up about 0.3% of Annandale Capital LLC’s holdings, making the stock its 26th largest position. Annandale Capital LLC’s holdings in Apple were worth $5,240,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AAPL. Conquis Financial LLC purchased a new stake in Apple in the 4th quarter valued at about $63,000. LSV Asset Management purchased a new stake in Apple in the 4th quarter valued at about $65,000. Elite Financial Inc. purchased a new position in shares of Apple in the 1st quarter worth $58,000. Pillar Financial Advisors LLC purchased a new position in shares of Apple in the 4th quarter worth $82,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Apple in the 4th quarter worth $147,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction on 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 directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Monness Crespi & Hardt increased their target price on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. DA Davidson reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Friday, August 1st. Barclays upped their price target on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Morgan Stanley set a $240.00 target price on Apple and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $238.99.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $234.35 on Wednesday. The stock has a fifty day moving average price of $220.46 and a two-hundred day moving average price of $212.50. 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 firm has a market cap of $3.48 trillion, a P/E ratio of 35.56, a PEG ratio of 2.48 and a beta of 1.11. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly 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. The firm had revenue of $94.04 billion during 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 firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid 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 presently 15.78%.

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.