Apple Inc. $AAPL Stock Position Decreased by DSG Capital Advisors LLC

Key Points

• DSG Capital Advisors LLC reduced its stake in Apple Inc. by 10.3%, now holding 178,791 shares valued at approximately $39.7 million, representing 8.0% of their investment portfolio.
• Analysts have varied ratings on Apple, with Monness Crespi & Hardt raising their price target to $270 and a consensus rating of "Moderate Buy" among analysts.
• Apple's quarterly earnings beat expectations with an EPS of $1.57 and revenue of $94.04 billion, reflecting a year-over-year revenue increase of 9.6%.

DSG Capital Advisors LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,791 shares of the iPhone maker's stock after selling 20,476 shares during the period. Apple comprises approximately 8.0% of DSG Capital Advisors LLC's holdings, making the stock its largest holding. DSG Capital Advisors LLC's holdings in Apple were worth $39,715,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AAPL. Life Planning Partners Inc acquired a new position in shares of Apple in the 4th quarter worth $47,000. Conquis Financial LLC purchased a new position in Apple in the 4th quarter worth about $63,000. LSV Asset Management acquired a new stake in Apple during the 4th quarter worth about $65,000. Pillar Financial Advisors LLC acquired a new position in shares of Apple in the fourth quarter worth about $82,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Apple in the fourth quarter worth approximately $96,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AAPL shares. Monness Crespi & Hardt lifted their price objective on shares of Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Wednesday, May 21st. Citigroup increased their price objective on Apple from $240.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. DA Davidson reiterated a "buy" rating and issued a $250.00 target price on shares of Apple in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Apple from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $237.60.

Apple Price Performance

NASDAQ AAPL traded down $0.38 during trading on Monday, reaching $231.21. The company's stock had a trading volume of 22,497,966 shares, compared to its average volume of 57,781,258. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.43 trillion, a PE ratio of 35.07, a P/E/G ratio of 2.42 and a beta of 1.16. The firm has a fifty day moving average of $209.69 and a 200 day moving average of $212.97.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion during 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 firm's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

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

Apple Dividend Announcement

The business 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 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is 15.78%.

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.