Apple Inc. $AAPL is D L Carlson Investment Group Inc.’s 3rd Largest Position

D L Carlson Investment Group Inc. reduced its position in Apple Inc. (NASDAQ:AAPL) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,068 shares of the iPhone maker’s stock after selling 9,432 shares during the period. Apple comprises 4.0% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 3rd biggest position. D L Carlson Investment Group Inc.’s holdings in Apple were worth $20,673,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Apple

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

Apple Stock Up 1.4%

NASDAQ:AAPL opened at $230.03 on Friday. The firm has a market capitalization of $3.41 trillion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The stock has a 50 day moving average of $221.08 and a 200-day moving average of $212.48. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the prior year, the company posted $1.40 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Apple’s dividend payout ratio (DPR) is 15.78%.

Analyst Ratings Changes

A number of research analysts have recently commented on AAPL shares. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research note on Monday. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Barclays lifted their target price on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 1st. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Thursday, September 4th. Finally, DA Davidson restated a “neutral” rating and set a $250.00 price objective on shares of Apple in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.80.

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.