Apple Inc. $AAPL Shares Sold by CAP Partners LLC

CAP Partners LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,097 shares of the iPhone maker’s stock after selling 228 shares during the quarter. Apple comprises approximately 2.3% of CAP Partners LLC’s investment portfolio, making the stock its 9th biggest position. CAP Partners LLC’s holdings in Apple were worth $3,713,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Ryan Investment Management Inc. purchased a new position in shares of Apple during the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the period. Nexus Investment Management ULC increased its position in shares of Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. Elite Financial Inc. acquired a new stake in Apple in the first quarter valued at $58,000. Finally, LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 228,052 shares of company stock worth $58,604,588 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Up 2.0%

AAPL opened at $271.49 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $4.01 trillion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a one year low of $169.21 and a one year high of $277.32. The business’s fifty day moving average is $259.49 and its two-hundred day moving average is $229.36.

Apple (NASDAQ:AAPL) last announced 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. The company 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%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid 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, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. DA Davidson lifted their price target on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and lifted their target price for the company from $203.07 to $246.99 in a report on Friday, October 31st. HSBC set a $220.00 price target on shares of Apple and gave the stock a “hold” rating in a research note on Monday, September 8th. Wall Street Zen cut shares of Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Cowen reiterated a “buy” rating on shares of Apple in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.