Apple Inc. $AAPL Stock Holdings Cut by YHB Investment Advisors Inc.

Key Points

• YHB Investment Advisors Inc. reduced its stake in Apple Inc. by 1.5% during the second quarter, now owning 343,421 shares valued at approximately $70 million, making Apple its second largest position.
• Analysts are mostly bullish on Apple, with a consensus rating of "Moderate Buy" and an average price target of $245.66.
• Apple reported a robust quarterly earnings result, with an EPS of $1.57, surpassing estimates and achieving revenue of $94.04 billion, a 9.6% year-over-year increase.

YHB Investment Advisors Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,421 shares of the iPhone maker's stock after selling 5,324 shares during the period. Apple makes up approximately 5.4% of YHB Investment Advisors Inc.'s investment portfolio, making the stock its 2nd biggest position. YHB Investment Advisors Inc.'s holdings in Apple were worth $70,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First National Bank of Hutchinson grew its position 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 valued at $8,845,000 after acquiring an additional 6,982 shares during the last quarter. Eagle Capital Management LLC boosted its stake in shares of Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after purchasing an additional 272 shares during the period. Brighton Jones LLC boosted its stake in shares of Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after purchasing an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE lifted its holdings in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. Evercore ISI set a $290.00 target price on shares of Apple and gave the stock an "outperform" rating in a research report on Friday. Loop Capital dropped their price objective on Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a research note on Thursday, August 21st. Bank of America upped their target price on Apple from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Friday, July 25th. Finally, Melius Research set a $290.00 price objective on Apple and gave the company a "buy" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $245.66.

Apple Price Performance

Shares of AAPL opened at $255.46 on Friday. The firm has a market capitalization of $3.79 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company's fifty day moving average price is $228.87 and its 200-day moving average price is $213.22.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $88.64 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Activity

In related news, SVP Deirdre O'brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

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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