Stokes Capital Advisors LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 14.9% during the second quarter, Holdings Channel.com reports. The fund owned 47,385 shares of the iPhone maker’s stock after selling 8,318 shares during the period. Apple accounts for about 3.1% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Stokes Capital Advisors LLC’s holdings in Apple were worth $9,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc grew its holdings in shares of Apple by 2.3% in the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after purchasing an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC grew its holdings in Apple by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after acquiring an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after acquiring an additional 7,736,013 shares in the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on AAPL
Apple Stock Performance
NASDAQ:AAPL opened at $174.79 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The stock has a market cap of $2.73 trillion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.27. The firm’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $176.19.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $81.80 billion for the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. Analysts expect that Apple Inc. will post 6.05 earnings per share for the current fiscal year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s dividend payout ratio is currently 16.13%.
Apple Company 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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