First Capital Advisors Group LLC. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,476 shares of the iPhone maker’s stock after selling 1,474 shares during the quarter. Apple accounts for about 1.8% of First Capital Advisors Group LLC.’s holdings, making the stock its 15th largest position. First Capital Advisors Group LLC.’s holdings in Apple were worth $2,680,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC increased its stake in Apple by 1.8% in the 2nd quarter. Trustcore Financial Services LLC now owns 32,560 shares of the iPhone maker’s stock valued at $6,027,000 after buying an additional 569 shares during the period. Watch Point Trust Co increased its stake in Apple by 11.5% in the 2nd quarter. Watch Point Trust Co now owns 28,264 shares of the iPhone maker’s stock valued at $5,232,000 after buying an additional 2,909 shares during the period. Winthrop Partners WNY LLC increased its stake in Apple by 5.0% in the 2nd quarter. Winthrop Partners WNY LLC now owns 8,637 shares of the iPhone maker’s stock valued at $1,599,000 after buying an additional 415 shares during the period. First National Trust Co increased its stake in Apple by 0.8% in the 2nd quarter. First National Trust Co now owns 115,365 shares of the iPhone maker’s stock valued at $21,355,000 after buying an additional 907 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Apple by 34.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,070 shares of the iPhone maker’s stock valued at $7,439,000 after buying an additional 10,067 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Shares of NASDAQ AAPL traded down $6.23 during trading hours on Friday, hitting $168.49. 41,672,567 shares of the stock were exchanged, compared to its average volume of 39,002,712. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple Inc. has a one year low of $150.24 and a one year high of $233.47. The company has a market cap of $858.77 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.26 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The firm had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. During the same period in the prior year, the firm earned $2.07 EPS. The business’s revenue was up 19.6% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 13.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 12th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.

In other Apple news, SVP Angela J. Ahrendts sold 14,194 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $227.96, for a total value of $3,235,664.24. Following the completion of the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at approximately $24,058,442.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at $24,554,471.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,845 shares of company stock valued at $47,015,677. Insiders own 0.08% of the company’s stock.

Several research firms have weighed in on AAPL. Morgan Stanley reiterated a “buy” rating and issued a $232.00 price objective on shares of Apple in a research note on Wednesday, August 22nd. Macquarie set a $214.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, August 15th. S&P Equity Research increased their price target on shares of Apple to $250.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. UBS Group began coverage on shares of Apple in a research note on Wednesday, September 12th. Finally, Nomura restated a “neutral” rating and set a $185.00 price target on shares of Apple in a research note on Monday, November 5th. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $219.95.

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About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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