Apple Inc. $AAPL Holdings Decreased by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 154,453 shares of the iPhone maker’s stock after selling 10,707 shares during the period. Apple makes up approximately 5.5% of Affinity Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Affinity Capital Advisors LLC’s holdings in Apple were worth $31,689,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Burkett Financial Services LLC boosted its position in Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after buying an additional 93 shares during the last quarter. Avid Wealth Partners LLC boosted its position in Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares during the last quarter. OneAscent Wealth Management LLC boosted its position in Apple by 4.6% in the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after buying an additional 409 shares during the last quarter. Finally, Andina Capital Management LLC boosted its position in Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after buying an additional 4,591 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.8%

NASDAQ AAPL opened at $252.31 on Thursday. The business has a fifty day moving average price of $227.04 and a 200 day moving average price of $212.78. Apple Inc. has a one year low of $169.21 and a one year 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. The company has a market cap of $3.74 trillion, a P/E ratio of 38.29, a P/E/G ratio of 2.64 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced 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 was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Jefferies Financial Group boosted their price target on Apple from $190.67 to $205.82 and gave the company a “hold” rating in a report on Monday, September 8th. Melius Research set a $290.00 price target on Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $266.00 price target on shares of Apple in a report on Tuesday, August 26th. Finally, DA Davidson reissued a “neutral” rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.66.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’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 completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.

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.