Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by SFE Investment Counsel

SFE Investment Counsel cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,294 shares of the iPhone maker’s stock after selling 1,444 shares during the period. Apple accounts for about 4.1% of SFE Investment Counsel’s holdings, making the stock its 2nd biggest position. SFE Investment Counsel’s holdings in Apple were worth $14,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Apple during the second quarter worth approximately $27,000. Milestone Resources Group Ltd grew its position in Apple by 57.7% in the 2nd quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock valued at $30,000 after buying an additional 79 shares during the last quarter. Pinz Capital Management LP purchased a new position in Apple in the 1st quarter valued at $72,000. Kessler Investment Group LLC grew its position in Apple by 585.7% in the 2nd quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock valued at $79,000 after buying an additional 492 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd grew its position in Apple by 135.6% in the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock valued at $80,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 56.38% of the company’s stock.

In other news, CEO Timothy D. Cook sold 2,386,440 shares of the stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $148.58, for a total value of $354,577,255.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 17,000 shares of the stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $145.89, for a total value of $2,480,130.00. Following the completion of the transaction, the senior vice president now directly owns 324,164 shares of the company’s stock, valued at approximately $47,292,285.96. The disclosure for this sale can be found here. Insiders sold 2,418,317 shares of company stock worth $359,229,278 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

AAPL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Apple from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Barclays set a $142.00 price objective on shares of Apple in a research report on Wednesday. Fundamental Research boosted their target price on shares of Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a research report on Tuesday, August 31st. Wolfe Research raised Apple from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research note on Wednesday, September 1st. Finally, Sanford C. Bernstein reissued a “hold” rating and issued a $132.00 target price on shares of Apple in a research note on Tuesday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $163.82.

Shares of NASDAQ AAPL opened at $145.85 on Thursday. Apple Inc. has a 1-year low of $105.00 and a 1-year high of $157.26. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The business’s fifty day moving average price is $148.40 and its two-hundred day moving average price is $136.00. The firm has a market capitalization of $2.41 trillion, a PE ratio of 28.54, a P/E/G ratio of 2.10 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.29. Apple had a return on equity of 131.01% and a net margin of 25.00%. The firm had revenue of $81.40 billion for the quarter, compared to analyst estimates of $73.48 billion. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 5.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Shareholders of record on Monday, August 9th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, August 6th. Apple’s dividend payout ratio is presently 26.83%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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