Transatlantique Private Wealth LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Transatlantique Private Wealth LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,593 shares of the iPhone maker’s stock after selling 328 shares during the period. Apple accounts for 3.6% of Transatlantique Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Transatlantique Private Wealth LLC’s holdings in Apple were worth $8,739,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Access Investment Management LLC bought a new stake in shares of Apple during the 1st quarter valued at $140,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in shares of Apple during the 2nd quarter valued at $206,000. Benchmark Wealth Management LLC bought a new stake in shares of Apple during the 2nd quarter valued at $208,000. Finally, SMH Capital Advisors Inc. purchased a new position in Apple during the second quarter valued at $209,000. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Down 0.1 %

Shares of AAPL opened at $226.96 on Friday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a 50-day moving average of $226.82 and a 200 day moving average of $214.03. The firm has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.18 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s payout ratio is 16.45%.

Insider Activity at Apple

In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The shares were 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 in the company, valued at $3,469,275. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 412,746 shares of company stock worth $93,021,362 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Rosenblatt Securities raised their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group reaffirmed a “hold” rating and set a $236.00 target price on shares of Apple in a research note on Wednesday, October 16th. Raymond James raised their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Finally, Barclays cut their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

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.