Apple Inc. $AAPL Shares Sold by Breakwater Capital Group

Breakwater Capital Group lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,734 shares of the iPhone maker’s stock after selling 139 shares during the quarter. Apple makes up 2.9% of Breakwater Capital Group’s holdings, making the stock its 3rd biggest position. Breakwater Capital Group’s holdings in Apple were worth $18,000,000 at the end of the most recent quarter.

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

Apple Price Performance

AAPL stock opened at $254.43 on Wednesday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.78 trillion, a PE ratio of 38.61, a P/E/G ratio of 2.66 and a beta of 1.11. The firm has a 50-day moving average of $226.20 and a two-hundred day moving average of $212.51.

Apple (NASDAQ:AAPL) last issued 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 business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. 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 payout ratio is presently 15.78%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. Evercore ISI increased their target price on shares of Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. UBS Group reissued a “neutral” rating on shares of Apple in a research report on Monday, September 8th. Rosenblatt Securities upped their price objective on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued 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 assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.03.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

About Apple

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.