Live Oak Investment Partners cut its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,767 shares of the iPhone maker’s stock after selling 1,263 shares during the period. Apple accounts for 2.1% of Live Oak Investment Partners’ holdings, making the stock its 13th largest position. Live Oak Investment Partners’ holdings in Apple were worth $2,476,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in AAPL. Watershed Private Wealth LLC lifted its holdings in Apple by 1.5% in the 2nd quarter. Watershed Private Wealth LLC now owns 24,407 shares of the iPhone maker’s stock valued at $4,734,000 after purchasing an additional 372 shares in the last quarter. Twelve Points Wealth Management LLC lifted its stake in shares of Apple by 62.9% in the second quarter. Twelve Points Wealth Management LLC now owns 8,442 shares of the iPhone maker’s stock worth $1,637,000 after buying an additional 3,259 shares in the last quarter. RTD Financial Advisors Inc. boosted its position in Apple by 18.7% during the second quarter. RTD Financial Advisors Inc. now owns 12,007 shares of the iPhone maker’s stock worth $2,329,000 after acquiring an additional 1,891 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Apple during the 2nd quarter valued at about $1,181,000. Finally, Thompson Davis & CO. Inc. boosted its holdings in shares of Apple by 3.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 8,279 shares of the iPhone maker’s stock worth $1,606,000 after purchasing an additional 284 shares during the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Apple Stock Performance
Shares of Apple stock opened at $170.69 on Friday. The business has a 50-day simple moving average of $181.63 and a 200-day simple moving average of $176.78. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The company has a market cap of $2.67 trillion, a PE ratio of 28.69, a P/E/G ratio of 2.51 and a beta of 1.27.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio (DPR) is presently 16.13%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AAPL shares. DA Davidson downgraded Apple from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $185.00 in a research report on Monday, June 5th. Wells Fargo & Company lifted their price target on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Apple in a report on Thursday, September 14th. Barclays reaffirmed an “equal weight” rating and set a $167.00 target price on shares of Apple in a research note on Tuesday, September 19th. Finally, 51job reiterated a “maintains” rating on shares of Apple in a report on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.41.
Check Out Our Latest Report on AAPL
Insider Buying and Selling at Apple
In other news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by insiders.
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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