Apple Inc. (NASDAQ:AAPL) is Outfitter Financial LLC’s 2nd Largest Position

Outfitter Financial LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,770 shares of the iPhone maker’s stock after selling 140 shares during the period. Apple comprises approximately 4.0% of Outfitter Financial LLC’s holdings, making the stock its 2nd largest position. Outfitter Financial LLC’s holdings in Apple were worth $4,796,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AAPL. MayTech Global Investments LLC boosted its position in shares of Apple by 3.7% during the fourth quarter. MayTech Global Investments LLC now owns 166,262 shares of the iPhone maker’s stock worth $32,010,000 after acquiring an additional 5,980 shares during the last quarter. Cohen & Steers Inc. grew its position in shares of Apple by 6.8% during the fourth quarter. Cohen & Steers Inc. now owns 12,033 shares of the iPhone maker’s stock valued at $2,317,000 after purchasing an additional 763 shares in the last quarter. Coatue Management LLC bought a new stake in shares of Apple in the fourth quarter worth about $470,614,000. Clear Street Markets LLC lifted its position in shares of Apple by 100.6% in the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after buying an additional 83,965 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its holdings in Apple by 553.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 48,608 shares of the iPhone maker’s stock valued at $9,358,000 after buying an additional 41,169 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAPL. KeyCorp reiterated a “hold” rating and set a $247.61 target price on shares of Apple in a research report on Wednesday, August 28th. TD Cowen boosted their target price on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. The Goldman Sachs Group lifted their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley restated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.27.

Apple Trading Down 0.2 %

Shares of NASDAQ:AAPL opened at $229.04 on Friday. 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 firm has a market capitalization of $3.51 trillion, a P/E ratio of 35.62, a P/E/G ratio of 2.66 and a beta of 1.24. The business’s 50-day moving average is $223.25 and its 200 day moving average is $205.14. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s payout ratio is currently 15.55%.

Insider Activity

In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 over the last ninety days. 0.06% of the stock is currently owned by insiders.

About Apple

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.