Apple Inc. $AAPL Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 467,591 shares of the iPhone maker’s stock after selling 285 shares during the period. Apple comprises approximately 2.4% of Chicago Capital LLC’s holdings, making the stock its 11th largest holding. Chicago Capital LLC’s holdings in Apple were worth $95,936,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ryan Investment Management Inc. bought a new stake in shares of Apple in the 2nd quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. Elite Financial Inc. bought a new stake in shares of Apple in the 1st quarter valued at approximately $58,000. LSV Asset Management bought a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC bought a new stake in shares of Apple in the 1st quarter valued at approximately $99,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of the company’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 completion of the sale, the senior vice president owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 259,121 shares of company stock worth $65,358,981. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AAPL shares. Wedbush set a $310.00 price target on Apple and gave the company an “outperform” rating in a report on Monday, September 22nd. Seaport Res Ptn upgraded Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $205.82 to $205.16 in a research note on Friday, October 3rd. The Goldman Sachs Group restated a “buy” rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Finally, Evercore ISI set a $290.00 price objective on Apple and gave the stock an “outperform” rating in a research note on Friday, September 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.29.

Apple Trading Up 2.0%

Shares of Apple stock opened at $252.29 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The business has a fifty day simple moving average of $241.13 and a 200-day simple moving average of $216.81. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

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

Apple Announces Dividend

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

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.