Apple Inc. $AAPL Stock Holdings Decreased by Vanguard Capital Wealth Advisors

Key Points

• Vanguard Capital Wealth Advisors reduced its holdings in Apple Inc. by 2.5% in the second quarter, now holding 54,846 shares valued at approximately $11.25 million.
• Apple's recent earnings report exceeded expectations, revealing $1.57 earnings per share against a forecast of $1.43, with revenue of $94.04 billion surpassing estimates.
• The company declared a quarterly dividend of $0.26 per share, providing a yield of 0.4% and maintaining a payout ratio of 15.78%.

Vanguard Capital Wealth Advisors lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,846 shares of the iPhone maker's stock after selling 1,427 shares during the quarter. Apple makes up about 11.2% of Vanguard Capital Wealth Advisors' holdings, making the stock its largest position. Vanguard Capital Wealth Advisors' holdings in Apple were worth $11,253,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new stake in shares of Apple during the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc acquired a new stake in Apple in the fourth quarter valued at about $47,000. Elite Financial Inc. acquired a new stake in Apple in the first quarter valued at about $58,000. Finally, Conquis Financial LLC acquired a new stake in shares of Apple during the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $254.63 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.78 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.64 and a beta of 1.11. The firm's fifty day simple moving average is $230.51 and its 200 day simple moving average is $213.80. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its 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. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.4%. Apple's payout ratio is currently 15.78%.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction 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 $30,508,538.40. The trade was a 20.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. HSBC set a $220.00 price target on shares of Apple and gave the company a "hold" rating in a research report on Monday, September 8th. Moffett Nathanson upgraded shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target for the company in a research report on Thursday, September 4th. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. Wedbush set a $310.00 price target on shares of Apple and gave the company an "outperform" rating in a research report on Monday, September 22nd. Finally, Loop Capital dropped their price objective on shares of Apple from $230.00 to $226.00 and set a "hold" rating for the company in a research note on Thursday, August 21st. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.51.

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.

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