Unconventional Investor LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,895 shares of the iPhone maker’s stock after selling 93 shares during the quarter. Apple accounts for 0.8% of Unconventional Investor LLC’s portfolio, making the stock its 14th largest holding. Unconventional Investor LLC’s holdings in Apple were worth $807,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. St. James Investment Advisors LLC boosted its stake in Apple by 98.3% during the fourth quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Summit Wealth Group LLC increased its stake in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the period. HBC Financial Services PLLC raised its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. PayPay Securities Corp bought a new position in Apple during the fourth quarter worth about $60,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Apple in the 4th quarter valued at approximately $93,000. Institutional investors own 58.51% of the company’s stock.
Apple Stock Down 3.6 %
Apple stock opened at $182.91 on Thursday. The firm has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.76 and a beta of 1.27. The company’s 50 day simple moving average is $186.81 and its 200 day simple moving average is $174.06. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 0.52%. Apple’s payout ratio is 16.13%.
Insider Transactions at Apple
In related news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AAPL has been the subject of several analyst reports. Rosenblatt Securities downgraded Apple from a “buy” rating to a “neutral” rating and set a $198.00 target price for the company. in a research report on Friday, August 4th. Tigress Financial increased their target price on shares of Apple from $210.00 to $225.00 in a research report on Friday, June 23rd. Bank of America boosted their price target on shares of Apple from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, July 19th. Credit Suisse Group raised their price objective on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Finally, Jefferies Financial Group reduced their target price on Apple from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $198.86.
Get Our Latest Research Report on Apple
Apple Profile
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.
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