Tradewinds Capital Management LLC Has $3.76 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Oct 21st, 2023

Tradewinds Capital Management LLC boosted its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,388 shares of the iPhone maker’s stock after purchasing an additional 3,072 shares during the period. Apple accounts for about 1.2% of Tradewinds Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Tradewinds Capital Management LLC’s holdings in Apple were worth $3,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Private Wealth LLC acquired a new position in Apple in the 1st quarter worth about $30,000. Cheyne Capital Management UK LLP grew its position 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 valued at $212,000 after buying an additional 550 shares during the last quarter. HBC Financial Services PLLC grew its position 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 valued at $49,000 after buying an additional 80 shares during the last quarter. Clear Perspectives Financial Planning LLC grew its position 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 valued at $172,000 after buying an additional 211 shares during the last quarter. Finally, NNS Holding bought a new stake in shares of Apple in the 2nd quarter valued at about $193,000. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the transaction, the chief executive officer now directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 32,010 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $177.89, for a total value of $5,694,258.90. Following the transaction, the chief financial officer now directly owns 139,346 shares of the company’s stock, valued at $24,788,259.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,004 shares of company stock valued at $79,238,767. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $172.88 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $2.70 trillion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.36 and a beta of 1.28. The stock has a 50 day moving average of $177.79 and a 200 day moving average of $178.80. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. Apple’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a dividend of $0.24 per share. 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 16.13%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group reiterated a “neutral” rating and issued a $190.00 price target on shares of Apple in a research report on Wednesday, September 27th. StockNews.com assumed coverage on Apple in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Canaccord Genuity Group upped their price target on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Credit Suisse Group restated an “outperform” rating and set a $220.00 target price on shares of Apple in a research report on Friday, September 15th. Finally, KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Apple in a research report on Thursday, September 14th. Nine 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.40.

Read Our Latest Report on AAPL

About Apple

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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.