Apple Inc. $AAPL Holdings Cut by Lincoln Capital LLC

Lincoln Capital LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,460 shares of the iPhone maker’s stock after selling 291 shares during the period. Apple comprises about 2.2% of Lincoln Capital LLC’s investment portfolio, making the stock its 11th biggest holding. Lincoln Capital LLC’s holdings in Apple were worth $11,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Halter Ferguson Financial Inc. grew its stake in Apple by 3.4% during the 2nd quarter. Halter Ferguson Financial Inc. now owns 12,306 shares of the iPhone maker’s stock worth $2,525,000 after buying an additional 399 shares during the last quarter. Coastwise Capital Group LLC boosted its holdings in shares of Apple by 0.3% during the second quarter. Coastwise Capital Group LLC now owns 32,382 shares of the iPhone maker’s stock valued at $6,644,000 after acquiring an additional 93 shares during the period. Orrstown Financial Services Inc. boosted its holdings in shares of Apple by 11.8% during the second quarter. Orrstown Financial Services Inc. now owns 28,677 shares of the iPhone maker’s stock valued at $5,884,000 after acquiring an additional 3,019 shares during the period. Scratch Capital LLC lifted its position in Apple by 20.9% in the 2nd quarter. Scratch Capital LLC now owns 1,194 shares of the iPhone maker’s stock valued at $245,000 after purchasing an additional 206 shares during the last quarter. Finally, Meriwether Wealth & Planning LLC lifted its position in Apple by 8.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 7,164 shares of the iPhone maker’s stock valued at $1,470,000 after purchasing an additional 580 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were 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 in the company, valued at approximately $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 can be accessed through this link. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. Tigress Financial raised their price target on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Loop Capital cut their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Rosenblatt Securities lifted their price objective on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Thursday, September 4th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.51.

Apple Trading Up 0.1%

NASDAQ AAPL opened at $254.63 on Wednesday. The stock has a market cap of $3.78 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.64 and a beta of 1.11. The firm’s 50 day moving average price is $230.51 and its two-hundred day moving average price is $213.80. 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 Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The business 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%.Apple’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

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.