Apple Inc. $AAPL Holdings Trimmed by Lindbrook Capital LLC

Lindbrook Capital LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,906 shares of the iPhone maker's stock after selling 5,396 shares during the period. Apple accounts for 5.0% of Lindbrook Capital LLC's portfolio, making the stock its 3rd biggest holding. Lindbrook Capital LLC's holdings in Apple were worth $53,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Conquis Financial LLC purchased a new position in Apple in the 4th quarter worth approximately $63,000. LSV Asset Management purchased a new position in Apple in the 4th quarter worth approximately $65,000. Elite Financial Inc. purchased a new position in Apple in the 1st quarter worth approximately $58,000. Pillar Financial Advisors LLC purchased a new position in Apple in the 4th quarter worth approximately $82,000. Finally, Sellwood Investment Partners LLC purchased a new position in Apple in the 4th quarter worth approximately $147,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.3%

NASDAQ:AAPL traded down $0.67 during midday trading on Thursday, hitting $237.81. 23,367,216 shares of the company traded hands, compared to its average volume of 56,619,613. The firm's fifty day moving average is $217.73 and its 200-day moving average is $212.92. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The firm has a market capitalization of $3.53 trillion, a P/E ratio of 36.11, a P/E/G ratio of 2.42 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

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

Apple Announces Dividend

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Loop Capital lowered their price target on Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a report on Thursday, August 21st. BMO Capital Markets reissued a "buy" rating on shares of Apple in a report on Wednesday, August 13th. Wedbush reissued an "outperform" rating and issued a $270.00 price target on shares of Apple in a report on Wednesday. Evercore ISI reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Apple in a report on Wednesday, August 13th. Finally, Monness Crespi & Hardt increased their target price on Apple from $245.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $239.05.

About Apple

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.