Jmac Enterprises LLC Sells 146 Shares of Apple Inc. $AAPL

Jmac Enterprises LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 4.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,100 shares of the iPhone maker’s stock after selling 146 shares during the quarter. Jmac Enterprises LLC’s holdings in Apple were worth $636,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ryan Investment Management Inc. acquired a new position in shares of Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% during the first 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 period. Elite Financial Inc. acquired a new position in 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 worth approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple during the 1st quarter worth approximately $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Apple stock opened at $258.45 on Thursday. The stock has a market cap of $3.84 trillion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.56 and a beta of 1.09. 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 business’s 50-day simple moving average is $242.99 and its 200 day simple moving average is $218.02. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $265.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (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 business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the previous year, the firm earned $1.40 EPS. Apple’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’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 completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, 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. Insiders sold 259,121 shares of company stock valued at $65,358,981 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective 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. Barclays lifted their target price on shares of Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Thursday, September 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.47.

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.