Apple Inc. (NASDAQ:AAPL) is Kampmann Melissa S.’s 3rd Largest Position

Kampmann Melissa S. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,233 shares of the iPhone maker’s stock after selling 1,041 shares during the period. Apple makes up approximately 4.8% of Kampmann Melissa S.’s holdings, making the stock its 3rd largest holding. Kampmann Melissa S.’s holdings in Apple were worth $6,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. High Falls Advisors Inc raised its position in Apple by 0.8% during the 2nd quarter. High Falls Advisors Inc now owns 54,733 shares of the iPhone maker’s stock valued at $11,528,000 after purchasing an additional 416 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of Apple by 1.5% during the second quarter. Regal Investment Advisors LLC now owns 142,682 shares of the iPhone maker’s stock valued at $30,052,000 after buying an additional 2,049 shares during the period. Invst LLC raised its holdings in shares of Apple by 8.3% during the second quarter. Invst LLC now owns 53,968 shares of the iPhone maker’s stock valued at $11,698,000 after acquiring an additional 4,154 shares in the last quarter. Second Line Capital LLC lifted its stake in Apple by 5.6% in the second quarter. Second Line Capital LLC now owns 24,172 shares of the iPhone maker’s stock worth $5,091,000 after acquiring an additional 1,284 shares during the period. Finally, Wallace Advisory Group LLC boosted its holdings in Apple by 14.4% in the second quarter. Wallace Advisory Group LLC now owns 14,731 shares of the iPhone maker’s stock valued at $3,103,000 after acquiring an additional 1,855 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AAPL shares. Tigress Financial upped their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Moffett Nathanson began coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. Maxim Group increased their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and upped their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.51.

Insider Transactions at Apple

In related 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 transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 35.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,040 shares of company stock worth $91,062,512 in the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 1.4 %

Shares of Apple stock opened at $225.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. The company’s 50 day moving average is $226.96 and its 200 day moving average is $215.60.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

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.