Apple Inc. (NASDAQ:AAPL) Shares Sold by Sterling Manor Financial LLC

Sterling Manor Financial LLC lowered its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 30.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,201 shares of the iPhone maker’s stock after selling 6,241 shares during the quarter. Apple comprises about 2.4% of Sterling Manor Financial LLC’s holdings, making the stock its 13th largest position. Sterling Manor Financial LLC’s holdings in Apple were worth $1,942,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AAPL. Aaron Wealth Advisors LLC grew its stake in shares of Apple by 30,391.8% in the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after buying an additional 25,989,570 shares in the last quarter. Capital Research Global Investors boosted its holdings in Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after purchasing an additional 9,354,484 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Swiss National Bank boosted its holdings in Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Stock Up 1.5 %

AAPL opened at $150.18 on Wednesday. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The stock 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 stock’s 50 day moving average price is $146.70 and its 200 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 issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on AAPL shares. Deutsche Bank Aktiengesellschaft reduced their price target on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. JPMorgan Chase & Co. set a $200.00 price target on Apple in a report on Monday. Monness Crespi & Hardt started coverage on Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price target for the company. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, set a $175.00 price target on Apple in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.26.

Insider Activity

In other news, SVP Deirdre O’brien sold 176,299 shares of Apple stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 360,651 shares of company stock worth $53,703,645. 0.06% of the stock is owned by company insiders.

Apple 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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