Tradewinds Capital Management LLC Has $3.81 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Tradewinds Capital Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,163 shares of the iPhone maker's stock after selling 4,035 shares during the period. Apple accounts for approximately 1.0% of Tradewinds Capital Management LLC's holdings, making the stock its 15th biggest position. Tradewinds Capital Management LLC's holdings in Apple were worth $3,812,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AAPL. Norges Bank bought a new position in Apple in the 4th quarter worth $46,868,648,000. GAMMA Investing LLC increased its position in Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock worth $133,425,490,000 after acquiring an additional 59,835,676 shares during the period. Vanguard Group Inc. increased its position in Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares during the period. Proficio Capital Partners LLC increased its position in Apple by 23,555.4% during the fourth quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker's stock worth $5,272,653,000 after acquiring an additional 20,966,232 shares during the period. Finally, Northern Trust Corp increased its position 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. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.5%

Shares of AAPL stock traded down $1.19 on Friday, reaching $231.59. The company had a trading volume of 56,003,275 shares, compared to its average volume of 63,552,584. 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 stock has a market cap of $3.44 trillion, a PE ratio of 35.14, a PEG ratio of 2.42 and a beta of 1.16. The company has a 50-day moving average of $209.69 and a 200-day moving average of $213.14. 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 released 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 firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The business's revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given 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 yield of 0.4%. Apple's dividend payout ratio is 15.78%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating in a research report on Friday, July 18th. Monness Crespi & Hardt boosted their target price 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. Scotiabank lowered shares of Apple to a "market perform" rating in a research report on Friday, May 2nd. TD Cowen dropped their target price on shares of Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, China Renaissance assumed coverage on shares of Apple in a research report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $237.60.

Apple 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.