Apple Inc. (NASDAQ:AAPL) Shares Sold by Versant Capital Management Inc

Posted by on Mar 18th, 2023

Versant Capital Management Inc trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,226 shares of the iPhone maker’s stock after selling 359 shares during the period. Apple comprises about 1.0% of Versant Capital Management Inc’s holdings, making the stock its 21st biggest holding. Versant Capital Management Inc’s holdings in Apple were worth $2,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AAPL. MKT Advisors LLC increased its position in Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the period. Your Advocates Ltd. LLP increased its position in Apple by 1.0% in the second quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock worth $867,000 after purchasing an additional 65 shares during the period. Aufman Associates Inc increased its position in Apple by 0.9% in the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock worth $1,049,000 after purchasing an additional 66 shares during the period. Silver Oak Advisory Group Inc. increased its position in Apple by 1.8% in the second quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock worth $537,000 after purchasing an additional 69 shares during the period. Finally, Lowe Wealth Advisors LLC increased its position in Apple by 1.4% in the third quarter. Lowe Wealth Advisors LLC now owns 4,993 shares of the iPhone maker’s stock worth $690,000 after purchasing an additional 69 shares during the period. 57.60% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 0.5 %

AAPL stock opened at $155.00 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2.45 trillion, a PE ratio of 26.32, a PEG ratio of 2.02 and a beta of 1.30. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The business’s 50 day simple moving average is $146.64 and its 200 day simple moving average is $145.41.

Apple (NASDAQ:AAPL – Get Rating) last posted its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). The business had revenue of $117.15 billion for the quarter, compared to analyst estimates of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. Apple’s dividend payout ratio is currently 15.62%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com assumed coverage on Apple in a research report on Thursday. They issued a “hold” rating for the company. Cowen lowered their price objective on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Piper Sandler restated an “overweight” rating and set a $195.00 target price on shares of Apple in a research report on Friday, February 3rd. Bank of America boosted their target price on Apple from $153.00 to $158.00 in a research report on Friday, February 3rd. Finally, National Bank Financial decreased their target price on Apple to $54.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.24.

Apple Company Profile

(Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Read More

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.