DCM Advisors LLC Has $13.25 Million Holdings in Apple Inc. $AAPL

DCM Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,596 shares of the iPhone maker's stock after selling 14,484 shares during the quarter. Apple accounts for approximately 7.0% of DCM Advisors LLC's investment portfolio, making the stock its largest position. DCM Advisors LLC's holdings in Apple were worth $13,254,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC increased its stake in Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker's stock worth $3,199,000 after purchasing an additional 93 shares in the last quarter. Avid Wealth Partners LLC increased its stake in Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker's stock worth $935,000 after purchasing an additional 930 shares in the last quarter. OneAscent Wealth Management LLC increased its stake in Apple by 4.6% in the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker's stock worth $2,337,000 after purchasing an additional 409 shares in the last quarter. Bell & Brown Wealth Advisors LLC increased its stake in Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker's stock worth $13,772,000 after purchasing an additional 240 shares in the last quarter. Finally, TruWealth Advisors LLC increased its stake in Apple by 2.8% in the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker's stock worth $42,045,000 after purchasing an additional 5,120 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was 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 of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

Apple Stock Up 1.8%

AAPL opened at $234.07 on Friday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a 50-day moving average of $221.50 and a 200-day moving average of $212.20. 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 company has a market capitalization of $3.47 trillion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 the consensus estimate of $88.64 billion. During the same period last year, the business earned $1.40 EPS. The business's quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AAPL shares. HSBC set a $220.00 price target on Apple and gave the stock a "hold" rating in a research note on Monday, September 8th. Monness Crespi & Hardt lifted their price target on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Phillip Securities lowered Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price objective for the company. in a research report on Thursday. Barclays raised their price objective on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Finally, Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average target price of $240.80.

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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