Disciplina Capital Management LLC Sells 351 Shares of Apple Inc. $AAPL

Disciplina Capital Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 59.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 235 shares of the iPhone maker’s stock after selling 351 shares during the quarter. Disciplina Capital Management LLC’s holdings in Apple were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC grew its stake in Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after buying an additional 93 shares during the last quarter. Avid Wealth Partners LLC boosted its position in shares of Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after acquiring an additional 930 shares in the last quarter. OneAscent Wealth Management LLC boosted its position in shares of Apple by 4.6% during the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock worth $2,337,000 after acquiring an additional 409 shares in the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares in the last quarter. Finally, TruWealth Advisors LLC boosted its position in Apple by 2.8% in the first quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker’s stock valued at $42,045,000 after buying an additional 5,120 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. Monness Crespi & Hardt lifted their price target on shares of Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. HSBC set a $220.00 price target on shares of Apple and gave the stock a “hold” rating in a report on Monday. Wedbush reiterated an “outperform” rating and set a $270.00 price objective on shares of Apple in a report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $242.16.

Insider Activity

In other news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $226.79 on Thursday. The company’s 50 day moving average is $220.75 and its 200-day moving average is $212.60. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.37 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its quarterly 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. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Apple’s payout ratio is 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.