Apple Inc. $AAPL Holdings Decreased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 36.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 56,780 shares of the iPhone maker’s stock after selling 31,994 shares during the period. Apple makes up approximately 2.1% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 5th largest holding. EFG Asset Management North America Corp.’s holdings in Apple were worth $12,610,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AAPL. Burkett Financial Services LLC lifted its holdings in Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after acquiring an additional 93 shares during the period. Avid Wealth Partners LLC raised its stake 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 buying an additional 930 shares during the period. OneAscent Wealth Management LLC raised its stake 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 buying an additional 409 shares during the period. Bell & Brown Wealth Advisors LLC raised its stake in shares of Apple by 0.4% during the 1st 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 during the period. Finally, TruWealth Advisors LLC raised its stake in shares of Apple by 2.8% during the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker’s stock worth $42,045,000 after buying an additional 5,120 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAPL shares. Rosenblatt Securities upped their target price on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price objective (up from $230.00) on shares of Apple in a research note on Friday, August 1st. HSBC set a $220.00 price objective on Apple and gave the company a “hold” rating in a research note on Monday. Finally, DA Davidson reissued a “neutral” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.80.

Apple Stock Up 1.8%

Shares of NASDAQ:AAPL opened at $234.07 on Friday. 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 business has a fifty day moving average of $221.50 and a two-hundred day moving average of $212.39. The stock has a market cap of $3.47 trillion, a P/E ratio of 35.52, a PEG ratio of 2.39 and a beta of 1.11. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last issued 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 analysts’ expectations 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 in the prior year, the business earned $1.40 EPS. On average, research analysts expect 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 issued 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 dividend payout ratio is currently 15.78%.

Insider Buying and Selling at Apple

In other 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 in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.