Kickstand Ventures LLC. Sells 747 Shares of Apple Inc. $AAPL

Kickstand Ventures LLC. reduced its position in Apple Inc. (NASDAQ:AAPL) by 27.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,933 shares of the iPhone maker’s stock after selling 747 shares during the quarter. Kickstand Ventures LLC.’s holdings in Apple were worth $397,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ryan Investment Management Inc. bought a new position in shares of Apple in the second quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC lifted its position 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 purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in Apple during the fourth quarter valued at approximately $65,000. Elite Financial Inc. bought a new stake in Apple during the first quarter valued at approximately $58,000. Finally, HFM Investment Advisors LLC bought a new stake in Apple during the first quarter valued at approximately $99,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Up 2.3%

Shares of NASDAQ AAPL opened at $268.81 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $269.12. The firm’s fifty day moving average is $244.91 and its 200 day moving average is $220.14. The company has a market cap of $3.99 trillion, a price-to-earnings ratio of 40.79, a PEG ratio of 2.56 and a beta of 1.09.

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. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Wells Fargo & Company lifted their target price on shares of Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. DA Davidson reiterated a “neutral” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 11th. Jefferies Financial Group lowered shares of Apple from a “moderate sell” rating to a “strong sell” rating in a research report on Monday, October 20th. BMO Capital Markets reiterated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Finally, Wedbush restated an “outperform” rating on shares of Apple in a report on Tuesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.83.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on 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 directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,121 shares of company stock valued at $65,358,981 in the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Company 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.