Apple Inc. (NASDAQ:AAPL) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,865 shares of the iPhone maker’s stock after selling 7,533 shares during the quarter. Apple comprises 6.5% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 2nd largest position. Stoneridge Investment Partners LLC’s holdings in Apple were worth $17,242,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Apple during the first quarter worth $3,026,492,000. Strategic Financial Concepts LLC grew its position in shares of Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after acquiring an additional 7,067,379 shares during the period. Lazard Asset Management LLC raised its stake in Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after acquiring an additional 5,405,542 shares during the period. Finally, Natixis lifted its holdings in Apple by 127.7% in the first quarter. Natixis now owns 4,632,987 shares of the iPhone maker’s stock worth $794,465,000 after acquiring an additional 2,598,742 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. TD Cowen increased their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Raymond James upped their price objective on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. UBS Group reissued a “hold” rating and set a $236.00 price target on shares of Apple in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.91.

Apple Trading Down 1.8 %

Shares of Apple stock opened at $225.91 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company’s fifty day simple moving average is $227.26 and its 200-day simple moving average is $211.69. The company has a market cap of $3.43 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.22%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was 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 directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by corporate insiders.

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.