Nwam LLC Sells 4,137 Shares of Apple Inc. $AAPL

Key Points

• Nwam LLC reduced its stake in Apple Inc. by 1.5%, selling 4,137 shares and now holding 273,603 shares, which represents approximately 5.2% of their total portfolio.
• Apple recently provided a quarterly dividend of $0.26 per share, indicating a 0.4% dividend yield, with a payout ratio of 15.78%.
• Analysts maintain a generally positive outlook on Apple, with the stock receiving a consensus rating of "Moderate Buy" and an average price target of $237.37.

Nwam LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 273,603 shares of the iPhone maker's stock after selling 4,137 shares during the period. Apple accounts for 5.2% of Nwam LLC's portfolio, making the stock its 2nd largest position. Nwam LLC's holdings in Apple were worth $60,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Life Planning Partners Inc acquired a new position in Apple in the fourth quarter valued at about $47,000. Elite Financial Inc. acquired a new position in shares of Apple during the 1st quarter worth about $58,000. Conquis Financial LLC bought a new stake in shares of Apple in the 4th quarter valued at about $63,000. LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple during the 4th quarter worth approximately $82,000. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other 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 directly owned 136,687 shares in the company, valued at $30,508,538.40. The trade was 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 link. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 1.4%

Apple stock traded down $3.28 during mid-day trading on Tuesday, reaching $228.86. The company's stock had a trading volume of 20,054,462 shares, compared to its average volume of 56,619,484. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The business's 50 day simple moving average is $216.40 and its 200 day simple moving average is $212.63. The company has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to analysts' expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 EPS. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid 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 0.5%. Apple's dividend payout ratio (DPR) is currently 15.78%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAPL. DA Davidson reissued a "buy" rating and set a $250.00 price target on shares of Apple in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Jefferies Financial Group raised Apple from an "underperform" rating to a "hold" rating in a research note on Friday, July 18th. Loop Capital lowered their price target on Apple from $230.00 to $226.00 and set a "hold" rating for the company in a report on Thursday, August 21st. Finally, Barclays raised their price target on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $237.37.

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.