Apple Inc. (NASDAQ:AAPL) Stake Reduced by ODonnell Financial Services LLC

ODonnell Financial Services LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 5.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,644 shares of the iPhone maker’s stock after selling 1,977 shares during the quarter. Apple comprises approximately 3.1% of ODonnell Financial Services LLC’s portfolio, making the stock its 9th biggest position. ODonnell Financial Services LLC’s holdings in Apple were worth $7,086,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC boosted its position in shares of Apple by 17.9% in 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 last quarter. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple in the fourth quarter worth $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in Apple during the fourth quarter worth approximately $85,000. Finally, Clear Street Markets LLC grew its position in Apple by 100.6% during the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 83,965 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.2 %

Apple stock opened at $229.04 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The firm has a market capitalization of $3.51 trillion, a PE ratio of 35.51, a P/E/G ratio of 2.66 and a beta of 1.24. The company’s 50-day moving average is $223.25 and its 200-day moving average is $205.14. 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 posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.55%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction on 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 directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on 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 owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,924 shares of company stock valued at $114,786,399. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. New Street Research reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. UBS Group increased their price target on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Barclays reaffirmed an “underweight” rating and set a $186.00 target price on shares of Apple in a report on Tuesday, October 1st. Maxim Group restated a “hold” rating and issued a $203.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $261.00 target price on shares of Apple in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

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.