Apple Inc. (NASDAQ:AAPL) Shares Sold by Tiller Private Wealth Inc.

Tiller Private Wealth Inc. lessened its position in Apple Inc. (NASDAQ:AAPL) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,652 shares of the iPhone maker’s stock after selling 2,813 shares during the quarter. Apple makes up about 3.3% of Tiller Private Wealth Inc.’s holdings, making the stock its 11th biggest holding. Tiller Private Wealth Inc.’s holdings in Apple were worth $7,509,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. MONECO Advisors LLC increased its stake in Apple by 15.2% in the 2nd quarter. MONECO Advisors LLC now owns 116,129 shares of the iPhone maker’s stock valued at $24,459,000 after buying an additional 15,320 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Apple by 1.2% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 30,894 shares of the iPhone maker’s stock valued at $6,507,000 after purchasing an additional 357 shares in the last quarter. Greylin Investment Management Inc raised its holdings in shares of Apple by 0.9% during the 2nd quarter. Greylin Investment Management Inc now owns 16,860 shares of the iPhone maker’s stock valued at $3,551,000 after purchasing an additional 149 shares in the last quarter. Garrett Wealth Advisory Group LLC raised its holdings in shares of Apple by 31.8% during the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 38,975 shares of the iPhone maker’s stock valued at $8,209,000 after purchasing an additional 9,411 shares in the last quarter. Finally, Sarasin & Partners LLP raised its holdings in Apple by 30.0% in the 2nd quarter. Sarasin & Partners LLP now owns 3,029,334 shares of the iPhone maker’s stock worth $638,038,000 after acquiring an additional 698,732 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Up 1.8 %

Shares of NASDAQ AAPL opened at $220.69 on Thursday. The company has a 50 day simple moving average of $222.43 and a 200 day simple moving average of $199.41. The firm has a market cap of $3.38 trillion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter last year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAPL. The Goldman Sachs Group lifted their target price on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and set a $285.00 target price on shares of Apple in a research report on Monday, September 9th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and boosted their price target for the company from $170.00 to $300.00 in a research report on Monday, July 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock worth $23,723,887 in the last quarter. 0.06% of the stock is owned by corporate insiders.

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.