Alpha Windward LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 1,692 shares of the iPhone maker’s stock after selling 26 shares during the period. Alpha Windward LLC’s holdings in Apple were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Advocacy Wealth Management Services LLC increased its position in Apple by 4.0% in the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares during the last quarter. Main Street Research LLC increased its position in Apple by 17.4% in the second quarter. Main Street Research LLC now owns 112,069 shares of the iPhone maker’s stock valued at $16,140,000 after buying an additional 16,602 shares during the last quarter. North Star Investment Management Corp. increased its position in Apple by 1.9% in the second quarter. North Star Investment Management Corp. now owns 97,001 shares of the iPhone maker’s stock valued at $13,970,000 after buying an additional 1,787 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Apple by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 323,400 shares of the iPhone maker’s stock valued at $46,576,000 after buying an additional 900 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA increased its position in Apple by 1.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 135,988 shares of the iPhone maker’s stock valued at $19,585,000 after buying an additional 2,431 shares during the last quarter. 61.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.32% during trading on Wednesday, reaching $160.59. 13,279,574 shares of the company’s stock traded hands. The company’s 50-day moving average is $148.46 and its 200 day moving average is $143.51. The company has a market cap of $830.22 billion, a price-to-earnings ratio of 18.23 and a beta of 1.31. Apple Inc. has a 52-week low of $102.53 and a 52-week high of $161.05. Apple also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 139,415 put options on the company. This is an increase of 119% compared to the average volume of 63,733 put options.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. Equities analysts forecast that Apple Inc. will post $9.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, August 10th. Apple’s payout ratio is 28.64%.

Apple declared that its board has initiated a stock buyback plan on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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Several equities analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $160.08 price target (down previously from $176.00) on shares of Apple in a research report on Wednesday. UBS AG reissued a “buy” rating on shares of Apple in a research report on Tuesday. Rosenblatt Securities reissued a “neutral” rating and set a $150.00 price target (up previously from $120.00) on shares of Apple in a research report on Tuesday. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $164.42 price target for the company. in a research report on Monday. Finally, KeyCorp reissued an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Thirteen equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $167.19.

In other Apple news, insider Luca Maestri sold 4,757 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $154.70, for a total transaction of $735,907.90. Following the transaction, the insider now owns 3,414 shares in the company, valued at approximately $528,145.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $155.27, for a total transaction of $1,855,321.23. Following the transaction, the insider now owns 23,998 shares in the company, valued at approximately $3,726,169.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,123 shares of company stock worth $26,057,297. 0.08% of the stock is currently owned by company insiders.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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