Apple Inc. (NASDAQ:AAPL) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,913 shares of the iPhone maker's stock after selling 1,583 shares during the quarter. Apple accounts for 2.1% of Creative Capital Management Investments LLC's portfolio, making the stock its 9th biggest holding. Creative Capital Management Investments LLC's holdings in Apple were worth $5,534,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after buying an additional 49,168,843 shares during the period. Geode Capital Management LLC grew its holdings in Apple by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock worth $84,999,145,000 after acquiring an additional 6,307,413 shares during the period. Norges Bank acquired a new stake in Apple during the fourth quarter worth about $46,868,648,000. Northern Trust Corp grew its holdings in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Up 0.1%

NASDAQ:AAPL traded up $0.12 during mid-day trading on Friday, hitting $213.88. The company had a trading volume of 38,805,177 shares, compared to its average volume of 49,464,392. The firm has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 33.31, a PEG ratio of 2.39 and a beta of 1.20. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The business has a fifty day simple moving average of $204.77 and a 200-day simple moving average of $214.58. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The business had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.53 earnings per share. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio (DPR) is 16.20%.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Rosenblatt Securities downgraded Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target on the stock. in a research report on Friday, May 2nd. Scotiabank downgraded Apple to a "market perform" rating in a research report on Friday, May 2nd. UBS Group reiterated a "hold" rating on shares of Apple in a research report on Friday, July 18th. Finally, Citigroup reiterated a "buy" rating on shares of Apple in a research report on Tuesday, June 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $234.94.

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.