Stellar Capital Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,976 shares of the iPhone maker’s stock after selling 90 shares during the period. Stellar Capital Management LLC’s holdings in Apple were worth $715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Stonehearth Capital Management LLC raised its stake in Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after purchasing an additional 20 shares during the period. Sippican Capital Advisors raised its stake in Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. Cordasco Financial Network raised its stake in Apple by 1.0% during the first quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock worth $457,000 after purchasing an additional 31 shares during the period. Lbmc Investment Advisors LLC raised its stake in Apple by 1.1% during the first quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock worth $774,000 after purchasing an additional 59 shares during the period. Finally, Pineno Levin & Ford Asset Management Inc. raised its stake in Apple by 1.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,618 shares of the iPhone maker’s stock worth $807,000 after purchasing an additional 73 shares during the period. 60.45% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have weighed in on AAPL shares. Royal Bank Of Canada increased their price target on shares of Apple from $157.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday, May 22nd. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target (up previously from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target (up previously from $175.00) on shares of Apple in a research note on Wednesday, August 2nd. Finally, Cleveland Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a research note on Tuesday, August 29th. Eleven investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $169.30.

Shares of Apple Inc. (AAPL) traded down 0.324% during trading on Tuesday, hitting $160.976. 17,788,789 shares of the stock traded hands. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94. The company has a 50-day moving average of $158.02 and a 200-day moving average of $148.85. The firm has a market cap of $831.48 billion, a P/E ratio of 18.276 and a beta of 1.27.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, August 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.56%. Apple’s dividend payout ratio is 28.64%.

In other news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,930 shares of company stock valued at $69,008,577. Corporate insiders own 0.08% of the company’s stock.

Apple 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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