Arcataur Capital Management LLC Sells 173 Shares of Apple Inc. (NASDAQ:AAPL)

Arcataur Capital Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,053 shares of the iPhone maker’s stock after selling 173 shares during the quarter. Apple comprises about 1.7% of Arcataur Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Arcataur Capital Management LLC’s holdings in Apple were worth $4,905,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. American Trust raised its position in shares of Apple by 3.1% during the first quarter. American Trust now owns 64,746 shares of the iPhone maker’s stock worth $11,103,000 after acquiring an additional 1,972 shares during the last quarter. Jackson Wealth Management LLC raised its holdings in Apple by 2.5% during the 1st quarter. Jackson Wealth Management LLC now owns 197,961 shares of the iPhone maker’s stock worth $33,946,000 after purchasing an additional 4,798 shares during the last quarter. Bush Investment Group LLC acquired a new position in Apple during the 1st quarter valued at about $1,002,000. Keynote Financial Services LLC bought a new position in shares of Apple in the 1st quarter valued at about $7,798,000. Finally, SRN Advisors LLC grew its position in shares of Apple by 5.4% during the 1st quarter. SRN Advisors LLC now owns 4,354 shares of the iPhone maker’s stock worth $747,000 after buying an additional 222 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

AAPL opened at $254.49 on Monday. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a one year low of $164.07 and a one year high of $255.00. The business has a 50 day simple moving average of $234.97 and a two-hundred day simple moving average of $225.70. 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 posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS. Analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple’s payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AAPL shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. Loop Capital decreased their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research report on Friday, October 25th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Buying and Selling at Apple

In related news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This represents a 35.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock worth $117,004,745 in the last three months. 0.06% of the stock is currently owned by company 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.