MSH Capital Advisors LLC Has $7.61 Million Position in Apple Inc. $AAPL

MSH Capital Advisors LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,112 shares of the iPhone maker’s stock after selling 703 shares during the period. Apple accounts for about 2.2% of MSH Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest position. MSH Capital Advisors LLC’s holdings in Apple were worth $7,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AAPL. Avid Wealth Partners LLC grew its holdings in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC raised its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares during the period. American National Bank & Trust raised its holdings in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the period. Andina Capital Management LLC boosted its position in shares of Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares in the last quarter. Finally, Plum Street Advisors LLC grew its holdings in shares of Apple by 4.0% in the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after buying an additional 301 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. DA Davidson raised their target price on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup reissued a “buy” rating and set a $315.00 price objective (up previously from $245.00) on shares of Apple in a research report on Friday. Argus set a $325.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective (up from $230.00) on shares of Apple in a research report on Friday, August 1st. Finally, CLSA raised shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $277.52.

Apple Stock Down 0.5%

AAPL opened at $269.05 on Tuesday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32. The stock’s fifty day simple moving average is $249.17 and its 200 day simple moving average is $222.85. 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 stock has a market cap of $3.99 trillion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

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

Apple Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Insider Activity at Apple

In other 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 259,121 shares of company stock valued at $65,358,981. Company insiders own 0.06% of the company’s stock.

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.