Apple Inc. (AAPL) Shares Sold by WealthTrust Axiom LLC
WealthTrust Axiom LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,852 shares of the iPhone maker’s stock after selling 623 shares during the period. Apple makes up 2.0% of WealthTrust Axiom LLC’s portfolio, making the stock its 9th largest holding. WealthTrust Axiom LLC’s holdings in Apple were worth $5,711,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in AAPL. First Hawaiian Bank lifted its position in Apple by 33.5% in the second quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after purchasing an additional 2,510 shares during the period. Roof Advisory Group Inc. lifted its position in Apple by 44.0% in the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after purchasing an additional 12,930 shares during the period. Peavine Capital LLC lifted its position in Apple by 428.7% in the second quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after purchasing an additional 5,650 shares during the period. Nikulski Financial Inc. lifted its position in Apple by 1.6% in the first quarter. Nikulski Financial Inc. now owns 26,051 shares of the iPhone maker’s stock worth $4,371,000 after purchasing an additional 407 shares during the period. Finally, Spectrum Management Group Inc. lifted its position in Apple by 20.1% in the first quarter. Spectrum Management Group Inc. now owns 23,228 shares of the iPhone maker’s stock worth $3,897,000 after purchasing an additional 3,880 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.
Apple stock opened at $193.53 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09. Apple Inc. has a 12-month low of $150.24 and a 12-month high of $233.47. The stock has a market capitalization of $951.23 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.51%. Apple’s dividend payout ratio is 24.52%.
Several brokerages recently commented on AAPL. BTIG Research raised Apple to a “buy” rating and raised their target price for the stock from $207.00 to $235.00 in a research report on Wednesday, August 1st. Macquarie set a $214.00 target price on Apple and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Morgan Stanley reaffirmed a “buy” rating and issued a $232.00 target price on shares of Apple in a research report on Wednesday, August 22nd. S&P Equity Research lifted their price objective on Apple to $250.00 and gave the company an “in-line” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on Apple in a report on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $224.12.
In related news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Angela J. Ahrendts sold 14,194 shares of Apple stock in a transaction dated Friday, October 5th. The stock was 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 owns 105,538 shares of the company’s stock, valued at $24,058,442.48. The disclosure for this sale can be found here. Insiders sold 466,597 shares of company stock valued at $104,117,353 over the last ninety days. 0.06% of the stock is currently owned by company insiders.
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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