Apple Inc. $AAPL Stock Position Reduced by Mirabaud & Cie SA

Mirabaud & Cie SA cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,294 shares of the iPhone maker’s stock after selling 7,089 shares during the period. Apple comprises approximately 7.4% of Mirabaud & Cie SA’s holdings, making the stock its 3rd largest position. Mirabaud & Cie SA’s holdings in Apple were worth $23,245,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AAPL. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Life Planning Partners Inc bought a new stake in Apple in the fourth quarter worth approximately $47,000. Elite Financial Inc. bought a new stake in Apple in the first quarter worth approximately $58,000. Conquis Financial LLC bought a new stake in Apple in the fourth quarter worth approximately $63,000. Finally, LSV Asset Management bought a new stake in Apple in the fourth quarter worth approximately $65,000. 67.73% of the stock is owned by institutional investors.

Apple Trading Up 3.2%

Shares of Apple stock opened at $245.50 on Friday. The firm has a market capitalization of $3.64 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. 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 company’s fifty day moving average price is $224.35 and its two-hundred day moving average price is $212.42. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced 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. The firm had revenue of $94.04 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. On average, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research note on Thursday, September 11th. Morgan Stanley set a $240.00 price objective on shares of Apple and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. 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, September 10th. Bank of America boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, UBS Group restated a “neutral” rating on shares of Apple in a research note on Monday, September 8th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.74.

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.