Edmond DE Rothschild Holding S.A. Sells 15,246 Shares of Apple Inc. $AAPL

Edmond DE Rothschild Holding S.A. lowered its position in Apple Inc. (NASDAQ:AAPL) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,824 shares of the iPhone maker’s stock after selling 15,246 shares during the period. Apple comprises 1.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 18th largest position. Edmond DE Rothschild Holding S.A.’s holdings in Apple were worth $59,714,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc bought a new position in Apple during the 4th quarter worth about $47,000. Elite Financial Inc. bought a new position in Apple during the 1st quarter worth about $58,000. Conquis Financial LLC bought a new position in Apple during the 4th quarter worth about $63,000. LSV Asset Management bought a new position in Apple during the 4th quarter worth about $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple during the 4th quarter worth about $82,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.8%

Shares of NASDAQ:AAPL opened at $234.07 on Friday. The company has a 50-day simple moving average of $221.50 and a 200 day simple moving average of $212.39. 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 company has a market capitalization of $3.47 trillion, a P/E ratio of 35.52, a price-to-earnings-growth 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 quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 15.78%.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. Melius Research set a $290.00 price objective on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday. Monness Crespi & Hardt increased their price objective on shares of Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Jefferies Financial Group increased their price objective on shares of Apple from $190.67 to $205.82 and gave the stock a “hold” rating in a research note on Monday, September 8th. Rosenblatt Securities increased their price objective on shares of Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.80.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’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 transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

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.