Apple Inc. (NASDAQ:AAPL) Shares Sold by Woodstock Corp

Woodstock Corp cut its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 194,987 shares of the iPhone maker’s stock after selling 81 shares during the period. Apple comprises approximately 3.7% of Woodstock Corp’s portfolio, making the stock its 3rd largest holding. Woodstock Corp’s holdings in Apple were worth $26,659,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cardinal Capital Management Inc. boosted its holdings in Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after purchasing an additional 221 shares in the last quarter. Shore Point Advisors LLC acquired a new position in Apple in the fourth quarter valued at approximately $41,000. CFS Investment Advisory Services LLC boosted its holdings in Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares in the last quarter. Spence Asset Management acquired a new position in Apple in the second quarter valued at approximately $49,000. Finally, HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 2.0 %

Apple stock opened at $153.72 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The stock’s fifty day moving average is $160.23 and its two-hundred day moving average is $155.88.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. The company had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. Apple’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 earnings per share. Analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Monness Crespi & Hardt began coverage on Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price objective for the company. Bank of America decreased their price objective on Apple from $200.00 to $185.00 in a report on Tuesday, July 26th. Morgan Stanley decreased their price objective on Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a report on Monday, September 12th. Finally, Wells Fargo & Company decreased their price objective on Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.68.

Insider Activity at Apple

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

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.

Read More

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.