Apple Inc. (NASDAQ:AAPL) Stock Position Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in Apple Inc. (NASDAQ:AAPLFree Report) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 439,222 shares of the iPhone maker’s stock after selling 20,191 shares during the quarter. Apple comprises about 8.9% of International Assets Investment Management LLC’s holdings, making the stock its largest position. International Assets Investment Management LLC’s holdings in Apple were worth $66,275,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Parker Financial LLC lifted its stake in Apple by 1.2% in the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after purchasing an additional 54 shares in the last quarter. MKT Advisors LLC raised its position in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares in the last quarter. Professional Financial Advisors LLC raised its position in shares of Apple by 0.5% during the 2nd quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock valued at $2,563,000 after buying an additional 62 shares in the last quarter. Aspire Capital Advisors LLC raised its position in shares of Apple by 0.5% during the 1st quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock valued at $2,321,000 after buying an additional 64 shares in the last quarter. Finally, Orgel Wealth Management LLC raised its position in shares of Apple by 0.7% during the 2nd quarter. Orgel Wealth Management LLC now owns 8,926 shares of the iPhone maker’s stock valued at $1,731,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Jaffray Companies raised their price objective on shares of Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. StockNews.com assumed coverage on shares of Apple in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Tigress Financial raised their price objective on shares of Apple from $210.00 to $225.00 in a research report on Friday, June 23rd. Jefferies Financial Group reduced 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, Credit Suisse Group reaffirmed an “outperform” rating and set a $220.00 target price on shares of Apple in a report on Friday, September 15th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $200.40.

Check Out Our Latest Research Report on AAPL

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Timothy D. Cook sold 240,569 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 65,536 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $23,483,548.95. The disclosure for this sale can be found here. Insiders have sold 455,004 shares of company stock valued at $79,238,767 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $172.88 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. The company’s 50-day moving average is $177.79 and its 200 day moving average is $178.80. The stock has a market capitalization of $2.70 trillion, a P/E ratio of 29.06, a P/E/G ratio of 2.36 and a beta of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Apple’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s payout ratio is currently 16.13%.

Apple Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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