Apple Inc. $AAPL is LaSalle St. Investment Advisors LLC's 4th Largest Position

Key Points

• LaSalle St. Investment Advisors LLC reduced its stake in Apple Inc. by 9.4%, making it the fund's 4th largest position, valued at approximately $14 million.
• Apple reported earnings of $1.57 per share for its latest quarter, exceeding analyst expectations of $1.43, with revenues reaching $94.04 billion.
• The company declared a quarterly dividend of $0.26 per share, translating to an annual yield of 0.4%, reflecting a payout ratio of 15.78%.

LaSalle St. Investment Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,101 shares of the iPhone maker's stock after selling 6,565 shares during the period. Apple accounts for about 3.3% of LaSalle St. Investment Advisors LLC's portfolio, making the stock its 4th biggest position. LaSalle St. Investment Advisors LLC's holdings in Apple were worth $14,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of AAPL. Flagship Wealth Advisors LLC increased its position in Apple by 10.8% during the 1st quarter. Flagship Wealth Advisors LLC now owns 15,681 shares of the iPhone maker's stock worth $3,483,000 after purchasing an additional 1,523 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Apple by 11.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,447,338 shares of the iPhone maker's stock worth $6,096,892,000 after buying an additional 2,794,827 shares during the period. One Degree Advisors Inc raised its position in shares of Apple by 6.9% during the first quarter. One Degree Advisors Inc now owns 14,127 shares of the iPhone maker's stock worth $3,138,000 after acquiring an additional 914 shares during the last quarter. Northern Capital Management Inc. lifted its stake in shares of Apple by 1.1% in the first quarter. Northern Capital Management Inc. now owns 13,341 shares of the iPhone maker's stock worth $2,963,000 after acquiring an additional 143 shares during the period. Finally, Waycross Partners LLC increased its position in Apple by 19.7% during the 1st quarter. Waycross Partners LLC now owns 244,161 shares of the iPhone maker's stock valued at $54,235,000 after purchasing an additional 40,230 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. Moffett Nathanson upgraded shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price objective for the company in a research report on Thursday. Bank of America boosted their price objective on Apple from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James Financial reaffirmed an "outperform" rating and set a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 target price on shares of Apple in a research note on Tuesday, August 26th. Finally, Barclays raised their target price on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $239.05.

Apple Stock Down 0.0%

AAPL traded down $0.09 during midday trading on Friday, reaching $239.69. 54,829,143 shares of the company were exchanged, compared to its average volume of 47,688,568. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company's fifty day moving average price is $219.28 and its 200 day moving average price is $212.64. The company has a market cap of $3.56 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter last year, the company posted $1.40 earnings per share. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio (DPR) is 15.78%.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.