Apple Inc. (NASDAQ:AAPL) is NCP Inc.’s 7th Largest Position

NCP Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,054 shares of the iPhone maker’s stock after selling 234 shares during the period. Apple comprises approximately 2.5% of NCP Inc.’s investment portfolio, making the stock its 7th largest holding. NCP Inc.’s holdings in Apple were worth $4,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC lifted its holdings in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter valued at $42,000. Access Investment Management LLC bought a new stake in shares of Apple during the 1st quarter worth $140,000. Hoese & Co LLP boosted its holdings in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new position in Apple during the second quarter valued at about $206,000. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of Apple in a research report on Monday, September 9th. Citigroup upped their price target on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Price Performance

Shares of Apple stock opened at $225.00 on Monday. The business’s 50-day moving average price is $227.04 and its 200-day moving average price is $216.61. The firm has a market capitalization of $3.40 trillion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

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, topping 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 during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction dated 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 approximately $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,040 shares of company stock worth $91,062,512. Company insiders own 0.06% of the company’s stock.

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.