NCM Capital Management LLC Sells 307 Shares of Apple Inc. (NASDAQ:AAPL)

NCM Capital Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,633 shares of the iPhone maker’s stock after selling 307 shares during the quarter. Apple accounts for approximately 4.1% of NCM Capital Management LLC’s portfolio, making the stock its 4th biggest position. NCM Capital Management LLC’s holdings in Apple were worth $8,536,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Bull Oak Capital LLC boosted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the third quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the 3rd quarter worth approximately $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Raymond James increased their target price on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Monness Crespi & Hardt lifted their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Apple Price Performance

Shares of AAPL opened at $233.22 on Friday. The company’s 50-day moving average is $241.49 and its 200-day moving average is $230.96. The firm has a market capitalization of $3.51 trillion, a PE ratio of 37.02, a PEG ratio of 2.36 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts forecast that Apple Inc. will post 7.33 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. 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.