Baader Bank INC Sells 27,376 Shares of Apple Inc. (NASDAQ:AAPL)

Baader Bank INC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 27.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,197 shares of the iPhone maker’s stock after selling 27,376 shares during the period. Apple accounts for about 1.0% of Baader Bank INC’s holdings, making the stock its 21st largest holding. Baader Bank INC’s holdings in Apple were worth $12,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Elk River Wealth Management LLC raised its position in shares of Apple by 49.0% in the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after acquiring an additional 54,989 shares in the last quarter. Piscataqua Savings Bank raised its position in shares of Apple by 1.5% in the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after acquiring an additional 684 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Apple in the 1st quarter worth approximately $171,000. Chico Wealth RIA bought a new position in shares of Apple in the 1st quarter worth approximately $7,794,000. Finally, Red Door Wealth Management LLC grew its stake in shares of Apple by 3.3% in the 1st quarter. Red Door Wealth Management LLC now owns 96,983 shares of the iPhone maker’s stock worth $16,934,000 after buying an additional 3,087 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $153.84 on Wednesday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The stock’s fifty day moving average is $159.21 and its 200 day moving average is $156.27. The stock has a market cap of $2.47 trillion, a P/E ratio of 25.39, a P/E/G ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. Apple’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. Sell-side analysts anticipate that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. Apple’s dividend payout ratio is presently 15.18%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AAPL shares. Oppenheimer restated an “outperform” rating and issued a $190.00 price target on shares of Apple in a research note on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Apple in a research note on Monday, August 1st. Loop Capital cut their price target on Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Rosenblatt Securities cut their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. Finally, Bank of America cut their price target on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $181.52.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Featured Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.