Apple Inc. (NASDAQ:AAPL) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 14.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,784 shares of the iPhone maker’s stock after selling 36,937 shares during the period. Anchor Capital Advisors LLC’s holdings in Apple were worth $29,092,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd lifted its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Columbus Macro LLC lifted its stake in shares of Apple by 9.9% in the 1st quarter. Columbus Macro LLC now owns 7,006 shares of the iPhone maker’s stock valued at $1,223,000 after purchasing an additional 633 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Apple by 6.5% in the 1st quarter. Ieq Capital LLC now owns 1,186,250 shares of the iPhone maker’s stock valued at $207,131,000 after purchasing an additional 72,494 shares in the last quarter. Finally, Optas LLC lifted its position in Apple by 2.2% during the 1st quarter. Optas LLC now owns 59,726 shares of the iPhone maker’s stock worth $10,429,000 after acquiring an additional 1,285 shares in the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.6 %

NASDAQ:AAPL opened at $151.07 on Thursday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The business has a 50 day simple moving average of $146.70 and a 200 day simple moving average of $149.66.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Monness Crespi & Hardt assumed coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Citigroup reissued a “buy” rating and set a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. Finally, set a $175.00 price objective on Apple in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 176,299 shares of the business’s 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 completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,851 shares of company stock worth $56,707,789. 0.06% of the stock is owned by company insiders.

About Apple

(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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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