Apple Inc. (NASDAQ:AAPL) Stake Cut by Capital Advisors Inc. OK

Capital Advisors Inc. OK reduced its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 591,741 shares of the iPhone maker’s stock after selling 26,667 shares during the period. Apple makes up 2.8% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 4th largest holding. Capital Advisors Inc. OK’s holdings in Apple were worth $103,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in Apple during the 4th quarter worth approximately $25,228,507,000. State Street Corp raised its stake in shares of Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after buying an additional 10,951,705 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Apple by 38.1% during the 4th quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock worth $5,247,094,000 after buying an additional 8,154,171 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Apple by 114.9% during the 1st quarter. SG Americas Securities LLC now owns 959,506 shares of the iPhone maker’s stock worth $167,539,000 after buying an additional 7,386,473 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Apple by 41.8% during the 4th quarter. ProShare Advisors LLC now owns 20,866,567 shares of the iPhone maker’s stock worth $3,705,275,000 after buying an additional 6,154,422 shares in the last quarter. 57.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAPL shares. Credit Suisse Group raised Apple from a “neutral” rating to an “outperform” rating and set a $201.00 target price for the company in a research note on Tuesday, August 16th. Sanford C. Bernstein set a $170.00 price objective on Apple in a research note on Monday, May 2nd. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Apple in a research note on Monday, August 1st. Evercore ISI raised their price objective on Apple from $180.00 to $185.00 in a research note on Friday, July 29th. Finally, Barclays lowered their target price on Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.18.

Apple Trading Down 3.8 %

Shares of AAPL opened at $163.62 on Friday. The stock’s 50-day moving average is $154.62 and its two-hundred day moving average is $157.27. The stock has a market cap of $2.63 trillion, a PE ratio of 27.00, a P/E/G ratio of 2.16 and a beta of 1.23. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Equities analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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