Apple Inc. $AAPL Shares Sold by Apeiron RIA LLC

Apeiron RIA LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,094 shares of the iPhone maker’s stock after selling 596 shares during the quarter. Apple makes up about 0.9% of Apeiron RIA LLC’s holdings, making the stock its 28th largest holding. Apeiron RIA LLC’s holdings in Apple were worth $2,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AAPL. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of Apple in the fourth quarter valued at approximately $47,000. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter valued at approximately $58,000. Conquis Financial LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AAPL. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target for the company. in a report on Thursday, September 11th. Rosenblatt Securities increased their price target on Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Barclays increased their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.80.

Insider Activity

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president 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 ownership of the stock. 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.

Apple Stock Up 1.1%

Apple stock opened at $236.70 on Tuesday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.51 trillion, a PE ratio of 35.92, a P/E/G ratio of 2.43 and a beta of 1.11. The stock’s fifty day moving average is $222.03 and its two-hundred day moving average is $211.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating 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 company had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same period last year, the firm earned $1.40 earnings per share. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple Company 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.