Capital Advisors Ltd. LLC Has $7.51 Million Stock Holdings in Apple Inc. $AAPL

Capital Advisors Ltd. LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 9.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 36,619 shares of the iPhone maker’s stock after selling 3,909 shares during the period. Apple comprises approximately 0.9% of Capital Advisors Ltd. LLC’s holdings, making the stock its 25th largest holding. Capital Advisors Ltd. LLC’s holdings in Apple were worth $7,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in shares of Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Northern Trust Corp grew its position in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after buying an additional 20,079,472 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 buying an additional 13,137,968 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Apple by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock valued at $21,790,933,000 after buying an additional 984,157 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 0.5%

NASDAQ AAPL opened at $269.05 on Tuesday. Apple Inc. has a one year low of $169.21 and a one year high of $277.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $3.99 trillion, a P/E ratio of 40.83, a P/E/G ratio of 2.62 and a beta of 1.09. The stock’s 50-day moving average is $249.17 and its 200-day moving average is $222.85.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. Sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

Analysts Set New Price Targets

Several analysts have commented on AAPL shares. Melius Research set a $345.00 target price on shares of Apple in a research report on Friday. Wedbush reiterated an “outperform” rating on shares of Apple in a report on Tuesday, October 21st. The Goldman Sachs Group raised their target price on Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price target on Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Sanford C. Bernstein set a $325.00 price target on shares of Apple in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $277.52.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, 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. In the last ninety days, insiders have sold 259,121 shares of company stock valued at $65,358,981. Insiders own 0.06% of the company’s stock.

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.