Apple Inc. $AAPL Holdings Decreased by Curbstone Financial Management Corp

Curbstone Financial Management Corp decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,079 shares of the iPhone maker’s stock after selling 1,766 shares during the period. Apple makes up about 2.7% of Curbstone Financial Management Corp’s portfolio, making the stock its 8th biggest holding. Curbstone Financial Management Corp’s holdings in Apple were worth $12,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lutz Financial Services LLC boosted its holdings in Apple by 1.4% during the second quarter. Lutz Financial Services LLC now owns 6,652 shares of the iPhone maker’s stock worth $1,365,000 after buying an additional 95 shares in the last quarter. Foster & Motley Inc. boosted its position in Apple by 2.2% during the second quarter. Foster & Motley Inc. now owns 250,899 shares of the iPhone maker’s stock worth $51,477,000 after acquiring an additional 5,410 shares during the last quarter. JTC Employer Solutions Trustee Ltd boosted its holdings in shares of Apple by 1.6% during the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 88,116 shares of the iPhone maker’s stock worth $18,071,000 after purchasing an additional 1,394 shares during the last quarter. Rodgers & Associates LTD grew its holdings in Apple by 4.2% in the 2nd quarter. Rodgers & Associates LTD now owns 6,682 shares of the iPhone maker’s stock valued at $1,371,000 after buying an additional 268 shares in the last quarter. Finally, Stordahl Capital Management Inc. grew its holdings in shares of Apple by 2.6% in the second quarter. Stordahl Capital Management Inc. now owns 4,887 shares of the iPhone maker’s stock valued at $1,003,000 after purchasing an additional 125 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This trade represents a 32.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% 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 sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.2%

AAPL stock opened at $272.41 on Friday. The stock has a market capitalization of $4.03 trillion, a P/E ratio of 41.34, a PEG ratio of 2.62 and a beta of 1.09. The company has a 50 day moving average price of $255.92 and a two-hundred day moving average price of $226.95. 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 quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and boosted their price objective for the company from $226.00 to $315.00 in a report on Monday, October 20th. Seaport Res Ptn raised Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and increased their price target for the company from $203.07 to $246.99 in a research note on Friday, October 31st. Finally, Sanford C. Bernstein set a $325.00 target price on Apple in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

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.