Apple Inc. $AAPL is Stillwater Capital Advisors LLC’s 4th Largest Position

Stillwater Capital Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,881 shares of the iPhone maker’s stock after selling 532 shares during the quarter. Apple comprises approximately 6.4% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 4th biggest holding. Stillwater Capital Advisors LLC’s holdings in Apple were worth $50,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ryan Investment Management Inc. purchased a new position in Apple in the second quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC increased its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new position in shares of Apple during the first quarter worth about $58,000. LSV Asset Management acquired a new position in Apple during the 4th quarter worth approximately $65,000. Finally, HFM Investment Advisors LLC purchased a new position in shares of Apple in the first quarter valued at $99,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 3.5%

NASDAQ:AAPL opened at $245.27 on Friday. The stock has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.39 and a beta of 1.09. 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 1 year low of $169.21 and a 1 year high of $260.10. The business has a fifty day moving average of $237.61 and a 200-day moving average of $215.88.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is presently 15.78%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AAPL. UBS Group restated a “neutral” rating on shares of Apple in a research note on Monday, September 8th. HSBC set a $220.00 price objective on Apple and gave the company a “hold” rating in a research note on Monday, September 8th. Seaport Res Ptn upgraded Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Thursday, September 4th. Finally, Wedbush set a $310.00 target price on shares of Apple and gave the company an “outperform” rating in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.29.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,922 shares of company stock valued at $64,320,190. Corporate 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.