Apple Inc. (NASDAQ:AAPL) Shares Sold by MONECO Advisors LLC
MONECO Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,657 shares of the iPhone maker’s stock after selling 2,372 shares during the period. Apple comprises about 3.1% of MONECO Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. MONECO Advisors LLC’s holdings in Apple were worth $3,890,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AAPL. Thoroughbred Financial Services LLC boosted its stake in Apple by 19,949.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after purchasing an additional 10,004,976 shares during the period. H&H International Investment LLC lifted its position in Apple by 16.5% in the 2nd quarter. H&H International Investment LLC now owns 3,877,900 shares of the iPhone maker’s stock worth $785,333,000 after buying an additional 550,300 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Apple by 57.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,235,798 shares of the iPhone maker’s stock worth $170,524,000 after buying an additional 450,098 shares in the last quarter. Fisher Asset Management LLC lifted its position in Apple by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 12,766,487 shares of the iPhone maker’s stock worth $2,013,786,000 after buying an additional 417,421 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Apple by 4.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after buying an additional 414,856 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on AAPL shares. Nomura increased their target price on shares of Apple from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Maxim Group cut their target price on shares of Apple to $211.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Goldman Sachs Group reiterated a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Friday, August 2nd. Wedbush reiterated an “outperform” rating on shares of Apple in a research report on Tuesday. Finally, Jefferies Financial Group increased their target price on shares of Apple from $160.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $217.12.
Apple stock opened at $208.97 on Wednesday. The company has a market cap of $908.31 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.69 and a beta of 1.25. The firm’s fifty day simple moving average is $203.54. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. Apple’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 11.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 12th will be issued a $0.77 dividend. The ex-dividend date is Friday, August 9th. This represents a $3.08 annualized dividend and a yield of 1.47%. Apple’s dividend payout ratio (DPR) is presently 25.86%.
Apple declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 30th that permits the company to repurchase $75.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Apple Company Profile
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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