Yarbrough Capital LLC Sells 14,235 Shares of Apple Inc. $AAPL

Yarbrough Capital LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,783,410 shares of the iPhone maker’s stock after selling 14,235 shares during the quarter. Apple makes up about 13.1% of Yarbrough Capital LLC’s investment portfolio, making the stock its 2nd largest position. Yarbrough Capital LLC’s holdings in Apple were worth $365,902,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Advanced Portfolio Management LLC grew its stake in shares of Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after purchasing an additional 47 shares during the period. Salus Financial Advisors LLC grew its stake in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares during the period. Sharpepoint LLC grew its stake in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after purchasing an additional 51 shares during the period. Redwood Financial Network Corp grew its stake in shares of Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after purchasing an additional 53 shares during the period. Finally, Mission Hills Financial Advisory LLC grew its stake in shares of Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock valued at $892,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson reiterated a “neutral” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Melius Research set a $290.00 price target on Apple and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Citigroup restated a “buy” rating on shares of Apple in a research report on Wednesday, September 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $247.49.

Apple Stock Performance

Shares of Apple stock opened at $258.02 on Monday. The company has a market capitalization of $3.83 trillion, a PE ratio of 39.15, a PEG ratio of 2.51 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month 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 stock’s fifty day simple moving average is $233.09 and its 200 day simple moving average is $214.69.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.26 per share. 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 (DPR) is presently 15.78%.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,922 shares of company stock valued at $64,320,190. 0.06% of the stock is owned by company insiders.

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.