Apple Inc. $AAPL Shares Sold by Gainplan LLC

Gainplan LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 34.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,426 shares of the iPhone maker’s stock after selling 2,836 shares during the period. Apple makes up 0.5% of Gainplan LLC’s portfolio, making the stock its 21st biggest holding. Gainplan LLC’s holdings in Apple were worth $1,113,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AAPL. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the period. Nuveen LLC acquired a new stake in shares of Apple during the first quarter worth approximately $17,472,482,000. Northern Trust Corp boosted its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Amundi boosted its holdings in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock worth $13,870,795,000 after purchasing an additional 14,651,321 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.4%

Shares of Apple stock opened at $270.37 on Friday. The company’s fifty day simple moving average is $248.34 and its 200-day simple moving average is $222.15. The company has a market cap of $4.01 trillion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $277.32.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, November 10th. Apple’s payout ratio is currently 15.78%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and raised their price objective for the company from $203.07 to $246.99 in a research report on Friday. Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Monday, October 27th. Robert W. Baird set a $300.00 price objective on shares of Apple in a research report on Friday. Wedbush reaffirmed an “outperform” rating on shares of Apple in a research report on Tuesday, October 21st. Finally, Rosenblatt Securities raised their price objective on shares of Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.39.

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.