Atlas Brown Inc. Sells 475 Shares of Apple Inc. $AAPL

Atlas Brown Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,533 shares of the iPhone maker’s stock after selling 475 shares during the period. Apple makes up about 5.0% of Atlas Brown Inc.’s holdings, making the stock its 2nd biggest position. Atlas Brown Inc.’s holdings in Apple were worth $15,497,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Life Planning Partners Inc acquired a new position in Apple in the 4th quarter worth about $47,000. Elite Financial Inc. acquired a new position in Apple in the 1st quarter worth about $58,000. Conquis Financial LLC acquired a new position in Apple in the 4th quarter worth about $63,000. Finally, LSV Asset Management acquired a new position in Apple in the 4th quarter worth about $65,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 3.2%

NASDAQ AAPL opened at $245.50 on Friday. The stock has a fifty day moving average of $224.35 and a 200-day moving average of $212.26. The stock has a market capitalization of $3.64 trillion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.55 and a beta of 1.11. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 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 business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. On average, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAPL. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a report on Thursday, September 4th. Tigress Financial increased their price objective on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a report on Wednesday. Citigroup reissued a “buy” rating on shares of Apple in a report on Wednesday, September 10th. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Finally, Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Two 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. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target 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.