Gibson Capital LLC reduced its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,267 shares of the iPhone maker’s stock after selling 4,157 shares during the period. Apple accounts for approximately 0.2% of Gibson Capital LLC’s holdings, making the stock its 22nd biggest position. Gibson Capital LLC’s holdings in Apple were worth $634,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple in the 1st quarter worth approximately $30,000. Cheyne Capital Management UK LLP lifted its stake in shares of Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after acquiring an additional 550 shares during the period. HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% in the 1st 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. Clear Perspectives Financial Planning LLC raised its holdings in shares of Apple by 27.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after purchasing an additional 211 shares in the last quarter. Finally, NNS Holding bought a new stake in shares of Apple in the 2nd quarter worth approximately $193,000. 58.51% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $198.00 target price on shares of Apple in a report on Tuesday, September 12th. Robert W. Baird boosted their target price on shares of Apple from $180.00 to $204.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. UBS Group reiterated a “neutral” rating and issued a $190.00 target price on shares of Apple in a report on Wednesday, September 27th. Jefferies Financial Group dropped their target price on shares of Apple from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, Sanford C. Bernstein boosted their price target on shares of Apple from $175.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.54.
Insider Buying and Selling
In related news, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at approximately $565,809,142.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $23,483,548.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The disclosure for this sale can be found here. In the last three months, insiders sold 321,524 shares of company stock valued at $55,530,770. Company insiders own 0.06% of the company’s stock.
Apple Stock Performance
AAPL stock opened at $177.49 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. The company has a market capitalization of $2.77 trillion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.33 and a beta of 1.28. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The firm has a 50 day moving average of $179.26 and a two-hundred day moving average of $177.61.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. As a group, equities analysts anticipate that Apple Inc. will post 6.05 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio is currently 16.13%.
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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