TD Capital Management LLC Trims Holdings in Apple Inc. (NASDAQ:AAPL)

TD Capital Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,560 shares of the iPhone maker’s stock after selling 906 shares during the quarter. TD Capital Management LLC’s holdings in Apple were worth $4,330,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAPL. Access Investment Management LLC bought a new position in Apple in the first quarter worth about $140,000. Hoese & Co LLP grew its holdings in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in shares of Apple in the 2nd quarter worth approximately $206,000. Benchmark Wealth Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $208,000. Finally, Sequent Asset Management LLC bought a new stake in shares of Apple during the second quarter valued at approximately $214,000. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group reissued a “hold” rating and set a $236.00 price target on shares of Apple in a research report on Wednesday, October 16th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $300.00 in a report on Monday, July 15th. Raymond James raised their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Price Performance

Shares of AAPL opened at $235.00 on Monday. The firm has a fifty day simple moving average of $225.78 and a two-hundred day simple moving average of $208.38. The firm has a market cap of $3.60 trillion, a PE ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents 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 accessible through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is 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.