Apple Inc. $AAPL Holdings Decreased by Avenir Corp

Avenir Corp decreased its position in Apple Inc. (NASDAQ:AAPL) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,933 shares of the iPhone maker’s stock after selling 7,466 shares during the quarter. Apple accounts for 5.1% of Avenir Corp’s portfolio, making the stock its 8th largest position. Avenir Corp’s holdings in Apple were worth $49,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Baker Boyer National Bank raised its position in Apple by 0.3% in the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares during the period. Red Tortoise LLC boosted its position in Apple by 0.9% during the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 49 shares during the period. SigFig Wealth Management LLC boosted its position in Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after buying an additional 50 shares during the period. Shariaportfolio Inc. grew its stake in shares of Apple by 1.3% during the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after buying an additional 50 shares during the last quarter. Finally, Sharpepoint LLC lifted its stake in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after acquiring an additional 51 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Up 0.1%

Shares of NASDAQ AAPL opened at $278.28 on Friday. The firm has a fifty day simple moving average of $268.24 and a two-hundred day simple moving average of $236.77. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.11 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

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. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. Apple’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a $0.26 dividend. The ex-dividend date of this dividend was 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 equities research analysts recently weighed in on the company. HSBC set a $220.00 target price on Apple and gave the company a “hold” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a report on Monday. Monness Crespi & Hardt lifted their target price on shares of Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Tigress Financial increased their price target on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, DA Davidson raised their price target on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $282.51.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 47,125 shares of the firm’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 in the company, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares in the company, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,052 shares of company stock worth $58,604,588 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.