Apple Inc. $AAPL Shares Sold by Standard Family Office LLC

Standard Family Office LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 42.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,996 shares of the iPhone maker's stock after selling 1,497 shares during the period. Apple comprises about 0.6% of Standard Family Office LLC's holdings, making the stock its 3rd biggest position. Standard Family Office LLC's holdings in Apple were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. First National Bank of Hutchinson grew its stake in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC grew its stake in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after acquiring an additional 272 shares during the period. Brighton Jones LLC grew its stake in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after acquiring an additional 69,207 shares during the period. Revolve Wealth Partners LLC grew its stake in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after acquiring an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE grew its stake in Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after acquiring an additional 1,155 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were 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 directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Apple Price Performance

AAPL opened at $234.07 on Friday. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company's 50-day moving average price is $221.50 and its 200 day moving average price is $212.20. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm 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 business earned $1.40 earnings per share. Apple's quarterly revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAPL. Monness Crespi & Hardt boosted their price objective on shares of Apple from $245.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Bank of America boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James Financial reiterated an "outperform" rating and issued a $240.00 price objective (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. UBS Group restated a "neutral" rating on shares of Apple in a research note on Monday, September 8th. Finally, Citigroup restated a "buy" rating on shares of Apple in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $240.80.

Apple 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.

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