Shilanski & Associates Inc. Sells 1,509 Shares of Apple Inc. (NASDAQ:AAPL)

Shilanski & Associates Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 7.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,283 shares of the iPhone maker’s stock after selling 1,509 shares during the period. Apple makes up about 1.4% of Shilanski & Associates Inc.’s portfolio, making the stock its 25th biggest position. Shilanski & Associates Inc.’s holdings in Apple were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Unique Wealth LLC lifted its stake in shares of Apple by 8.5% during the 2nd quarter. Unique Wealth LLC now owns 19,553 shares of the iPhone maker’s stock worth $4,119,000 after acquiring an additional 1,526 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Apple by 3.3% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 21,710 shares of the iPhone maker’s stock worth $4,180,000 after acquiring an additional 698 shares during the last quarter. Franklin Street Advisors Inc. NC lifted its stake in shares of Apple by 9.8% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 459,427 shares of the iPhone maker’s stock worth $96,765,000 after acquiring an additional 40,834 shares during the last quarter. Well Done LLC lifted its stake in shares of Apple by 0.6% during the 2nd quarter. Well Done LLC now owns 29,168 shares of the iPhone maker’s stock worth $6,143,000 after acquiring an additional 177 shares during the last quarter. Finally, Spectrum Planning & Advisory Services Inc. bought a new stake in shares of Apple during the 2nd quarter worth approximately $787,000. 60.41% of the stock is owned by institutional investors.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Apple news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Up 0.2 %

Apple stock opened at $216.79 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The business has a fifty day moving average price of $222.67 and a 200-day moving average price of $199.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Equities research analysts forecast that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is 15.55%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AAPL shares. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Raymond James raised their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Moffett Nathanson assumed coverage on Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $239.17.

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.