jvl associates llc lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 53,237 shares of the iPhone maker’s stock after selling 683 shares during the period. Apple comprises about 5.0% of jvl associates llc’s portfolio, making the stock its 7th largest holding. jvl associates llc’s holdings in Apple were worth $10,326,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of AAPL. IFM Investors Pty Ltd raised its stake in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp increased its stake in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Camden Capital LLC increased its stake in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC increased its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Insider Transactions at Apple
In other news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
Apple Stock Down 0.9 %
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 earnings per share. Research analysts predict that Apple Inc. will post 6.05 EPS for the current year.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is currently 16.13%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and issued a $198.00 price target on shares of Apple in a research note on Tuesday, September 12th. Wells Fargo & Company lifted their price target on Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Evercore ISI reiterated an “outperform” rating and issued a $210.00 price objective on shares of Apple in a report on Tuesday, September 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Apple in a report on Wednesday, September 13th. Ten analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.41.
Read Our Latest Report on Apple
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.
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