Trail Ridge Investment Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,636 shares of the iPhone maker's stock after selling 3,739 shares during the period. Apple comprises approximately 6.1% of Trail Ridge Investment Advisors LLC's portfolio, making the stock its 4th biggest holding. Trail Ridge Investment Advisors LLC's holdings in Apple were worth $11,914,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Advanced Portfolio Management LLC grew its holdings in Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC boosted its stake in shares of Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock valued at $291,000 after acquiring an additional 49 shares during the last quarter. Disciplined Investments LLC boosted its stake in shares of Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock valued at $1,794,000 after acquiring an additional 51 shares during the last quarter. Sharpepoint LLC boosted its stake in shares of Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after acquiring an additional 51 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its stake in shares of Apple by 1.3% during the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock valued at $892,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on AAPL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Friday, July 25th. Evercore ISI reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Apple in a research note on Wednesday, August 13th. Monness Crespi & Hardt increased their price objective on Apple from $245.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Barclays raised their price target on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research note on Friday, August 1st. Finally, Bank of America reissued a "buy" rating and issued a $250.00 price target on shares of Apple in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $237.37.
Check Out Our Latest Analysis on AAPL
Apple Trading Down 1.0%
Shares of Apple stock traded down $2.42 during trading hours on Tuesday, reaching $229.72. The stock had a trading volume of 43,622,015 shares, compared to its average volume of 51,929,076. The firm has a 50 day simple moving average of $216.99 and a two-hundred day simple moving average of $212.75. The firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.42 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 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 the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio (DPR) is 15.78%.
Insider Activity at Apple
In related 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 sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.
Apple Company Profile
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Free Report)
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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