AWM Capital LLC Sells 299 Shares of Apple Inc. $AAPL

AWM Capital LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,638 shares of the iPhone maker’s stock after selling 299 shares during the period. AWM Capital LLC’s holdings in Apple were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Headland Capital LLC lifted its holdings in shares of Apple by 2.5% during the 2nd quarter. Headland Capital LLC now owns 42,046 shares of the iPhone maker’s stock valued at $8,626,000 after purchasing an additional 1,023 shares in the last quarter. Fishman Jay A Ltd. MI lifted its holdings in shares of Apple by 3.1% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 968,705 shares of the iPhone maker’s stock valued at $198,749,000 after purchasing an additional 28,929 shares in the last quarter. PUREfi Wealth LLC lifted its holdings in shares of Apple by 6.3% during the 2nd quarter. PUREfi Wealth LLC now owns 15,562 shares of the iPhone maker’s stock valued at $3,193,000 after purchasing an additional 927 shares in the last quarter. Vantage Investment Partners LLC lifted its holdings in shares of Apple by 3.5% during the 2nd quarter. Vantage Investment Partners LLC now owns 170,785 shares of the iPhone maker’s stock valued at $35,040,000 after purchasing an additional 5,810 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Apple by 30.1% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 348,151 shares of the iPhone maker’s stock valued at $71,430,000 after purchasing an additional 80,607 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.1%

AAPL stock opened at $269.00 on Wednesday. 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 firm has a market capitalization of $3.99 trillion, a PE ratio of 40.82, a PEG ratio of 2.61 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $269.89. The business’s 50 day simple moving average is $245.68 and its 200 day simple moving average is $220.69.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $88.64 billion. During the same period in the previous year, the firm earned $1.40 EPS. The firm’s 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 EPS for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 259,121 shares of company stock valued at $65,358,981. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AAPL. Wells Fargo & Company boosted their target price on Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Wedbush restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley set a $298.00 target price on Apple and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.76.

Apple 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.