Apple Inc. (NASDAQ:AAPL) Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 373,817 shares of the iPhone maker’s stock after selling 3,333 shares during the period. Apple accounts for 12.4% of Silvant Capital Management LLC’s investment portfolio, making the stock its biggest holding. Silvant Capital Management LLC’s holdings in Apple were worth $51,108,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Advisors Management Group Inc. ADV grew its holdings in Apple by 13.6% during the second quarter. Advisors Management Group Inc. ADV now owns 45,671 shares of the iPhone maker’s stock valued at $6,244,000 after purchasing an additional 5,451 shares during the period. Valley Forge Investment Consultants Inc. ADV lifted its stake in Apple by 2.0% in the second quarter. Valley Forge Investment Consultants Inc. ADV now owns 11,211 shares of the iPhone maker’s stock valued at $1,533,000 after buying an additional 219 shares in the last quarter. Planning Directions Inc. lifted its stake in Apple by 0.6% in the second quarter. Planning Directions Inc. now owns 46,119 shares of the iPhone maker’s stock valued at $6,305,000 after buying an additional 259 shares in the last quarter. Gould Capital LLC lifted its stake in Apple by 0.6% in the second quarter. Gould Capital LLC now owns 26,621 shares of the iPhone maker’s stock valued at $3,640,000 after buying an additional 164 shares in the last quarter. Finally, Miramar Capital LLC lifted its stake in Apple by 13.0% in the second quarter. Miramar Capital LLC now owns 101,497 shares of the iPhone maker’s stock valued at $13,877,000 after buying an additional 11,674 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 360,651 shares of company stock worth $53,703,645. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $150.18 on Wednesday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company has a market cap of $2.39 trillion, a P/E ratio of 24.58, a P/E/G ratio of 1.93 and a beta of 1.25. The firm’s fifty day moving average price is $146.70 and its two-hundred day moving average price is $149.66. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Analyst Ratings Changes

A number of research analysts have weighed in on AAPL shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $139.00 price target on shares of Apple in a research note on Thursday, September 8th. Citigroup reaffirmed a “buy” rating and issued a $175.00 price target on shares of Apple in a research note on Tuesday, November 8th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research note on Monday, September 12th. set a $175.00 price objective on shares of Apple in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Apple Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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