Disciplined Investments LLC Sells 1,111 Shares of Apple Inc. (NASDAQ:AAPL)

Disciplined Investments LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,857 shares of the iPhone maker’s stock after selling 1,111 shares during the quarter. Disciplined Investments LLC’s holdings in Apple were worth $1,519,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AAPL. Accredited Investors Inc. increased its stake in Apple by 4.6% in the third quarter. Accredited Investors Inc. now owns 249,461 shares of the iPhone maker’s stock valued at $42,710,000 after acquiring an additional 10,955 shares during the last quarter. Impax Asset Management Group plc increased its stake in Apple by 2.1% in the third quarter. Impax Asset Management Group plc now owns 1,020,415 shares of the iPhone maker’s stock valued at $174,705,000 after acquiring an additional 21,458 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in Apple by 5.2% in the third quarter. Van Hulzen Asset Management LLC now owns 535,030 shares of the iPhone maker’s stock valued at $91,603,000 after acquiring an additional 26,218 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its stake in Apple by 16.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 1,488 shares of the iPhone maker’s stock valued at $255,000 after acquiring an additional 212 shares during the last quarter. Finally, AFT Forsyth & Company Inc. increased its stake in Apple by 0.5% in the third quarter. AFT Forsyth & Company Inc. now owns 39,969 shares of the iPhone maker’s stock valued at $6,843,000 after acquiring an additional 215 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 192,355 shares of company stock worth $34,771,329. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays reissued an “underweight” rating and issued a $164.00 price objective on shares of Apple in a research note on Tuesday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $216.00 target price on shares of Apple in a research report on Tuesday, June 11th. Wedbush raised their target price on shares of Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Finally, UBS Group restated a “neutral” rating and issued a $190.00 target price on shares of Apple in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Apple Trading Up 1.6 %

AAPL opened at $220.27 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $220.38. The firm has a market capitalization of $3.38 trillion, a PE ratio of 34.16, a P/E/G ratio of 2.56 and a beta of 1.24. The company’s 50-day moving average is $193.14 and its 200 day moving average is $185.44.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple declared that its board has authorized a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple Company 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.