Apple Inc. (NASDAQ:AAPL) Stake Decreased by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,410 shares of the iPhone maker’s stock after selling 2,437 shares during the quarter. Apple accounts for 3.3% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 7th biggest position. 1834 Investment Advisors Co.’s holdings in Apple were worth $27,678,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. TSA Wealth Managment LLC raised its position in Apple by 25.9% in the 2nd quarter. TSA Wealth Managment LLC now owns 4,982 shares of the iPhone maker’s stock worth $1,049,000 after purchasing an additional 1,024 shares during the period. Wright Investors Service Inc. raised its position in Apple by 18.6% in the 2nd quarter. Wright Investors Service Inc. now owns 81,506 shares of the iPhone maker’s stock worth $17,167,000 after purchasing an additional 12,755 shares during the period. Fort Pitt Capital Group LLC increased its position in shares of Apple by 1.6% in the second quarter. Fort Pitt Capital Group LLC now owns 469,214 shares of the iPhone maker’s stock valued at $98,826,000 after acquiring an additional 7,507 shares during the period. Legend Financial Advisors Inc. increased its position in shares of Apple by 4.4% in the second quarter. Legend Financial Advisors Inc. now owns 8,917 shares of the iPhone maker’s stock valued at $1,878,000 after acquiring an additional 376 shares during the period. Finally, Evolution Advisers Inc. increased its position in shares of Apple by 1.7% in the second quarter. Evolution Advisers Inc. now owns 5,581 shares of the iPhone maker’s stock valued at $1,175,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 458,619 shares of company stock valued at $101,352,630. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.5 %

NASDAQ:AAPL opened at $226.80 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 35.27, a P/E/G ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company’s 50-day simple moving average is $222.90 and its 200-day simple moving average is $204.06.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AAPL shares. Evercore ISI reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Wedbush reissued an “outperform” rating and set a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Moffett Nathanson started coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 target price for the company. TD Cowen upped their price target on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Raymond James increased their price objective on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $238.76.

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.