Oliver Lagore Vanvalin Investment Group Lowers Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Oliver Lagore Vanvalin Investment Group trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,177 shares of the iPhone maker’s stock after selling 687 shares during the quarter. Apple makes up approximately 1.3% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 17th biggest holding. Oliver Lagore Vanvalin Investment Group’s holdings in Apple were worth $4,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ninepoint Partners LP lifted its holdings in shares of Apple by 8.9% in the second quarter. Ninepoint Partners LP now owns 6,023 shares of the iPhone maker’s stock worth $1,269,000 after buying an additional 494 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Apple in the second quarter valued at approximately $25,280,000. Beaird Harris Wealth Management LLC raised its stake in Apple by 6.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 23,992 shares of the iPhone maker’s stock valued at $5,053,000 after purchasing an additional 1,521 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in Apple in the second quarter valued at approximately $2,303,000. Finally, Savvy Advisors Inc. raised its stake in Apple by 100.3% in the second quarter. Savvy Advisors Inc. now owns 28,562 shares of the iPhone maker’s stock valued at $6,016,000 after purchasing an additional 14,304 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Apple news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value 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 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 90 days, insiders have sold 404,040 shares of company stock worth $91,062,512. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $225.12 on Thursday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a market cap of $3.40 trillion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average price is $226.75 and its 200-day moving average price is $215.45.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on AAPL. Wedbush reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays lowered their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. 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. Finally, Citigroup lifted their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

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.