Kingfisher Capital LLC Has $17.16 Million Stake in Apple Inc. (NASDAQ:AAPL)

Kingfisher Capital LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,471 shares of the iPhone maker’s stock after selling 166 shares during the period. Apple accounts for 4.0% of Kingfisher Capital LLC’s portfolio, making the stock its 2nd biggest holding. Kingfisher Capital LLC’s holdings in Apple were worth $17,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. ELCO Management Co. LLC boosted its holdings in Apple by 5.8% in the 2nd quarter. ELCO Management Co. LLC now owns 33,331 shares of the iPhone maker’s stock worth $7,020,000 after buying an additional 1,814 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Apple by 254.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock worth $22,543,000 after purchasing an additional 76,870 shares in the last quarter. Blankinship & Foster LLC boosted its stake in Apple by 3.1% in the 2nd quarter. Blankinship & Foster LLC now owns 29,036 shares of the iPhone maker’s stock worth $6,116,000 after purchasing an additional 883 shares during the period. Point72 Europe London LLP bought a new stake in shares of Apple during the second quarter valued at approximately $14,449,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Apple in the second quarter worth $23,335,000. 60.41% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were 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 owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,746 shares of company stock valued at $93,021,362. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $224.23 on Wednesday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $226.72 and a two-hundred day simple moving average of $215.06. The company has a market capitalization of $3.39 trillion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AAPL shares. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. UBS Group increased their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday. Loop Capital reduced their target price on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Maxim Group increased their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.51.

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.