Camelot Portfolios LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,996 shares of the iPhone maker’s stock after selling 1,281 shares during the period. Apple comprises about 2.0% of Camelot Portfolios LLC’s investment portfolio, making the stock its 10th biggest holding. Camelot Portfolios LLC’s holdings in Apple were worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. FC Advisory LLC lifted its stake in shares of Apple by 0.4% in the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after purchasing an additional 10 shares during the last quarter. Lenox Wealth Advisors Inc. lifted its stake in shares of Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after purchasing an additional 20 shares during the last quarter. BerganKDV Wealth Management LLC lifted its stake in shares of Apple by 0.4% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after purchasing an additional 20 shares during the last quarter. Welch Investments LLC lifted its stake in shares of Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares during the last quarter. Finally, Sippican Capital Advisors lifted its stake in shares of Apple by 0.5% in the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after purchasing an additional 26 shares during the last quarter. 60.38% of the stock is owned by institutional investors.

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Apple Inc. (NASDAQ AAPL) opened at $169.08 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 1 year low of $106.60 and a 1 year high of $176.24. The stock has a market cap of $879,713.00, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.38 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the company earned $1.50 EPS. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts expect that Apple Inc. will post 11.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.49%. Apple’s payout ratio is presently 27.39%.

In other Apple news, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold a total of 394,711 shares of company stock worth $62,660,786 in the last quarter. 0.08% of the stock is owned by corporate insiders.

AAPL has been the subject of several analyst reports. Barclays PLC reaffirmed a “hold” rating and issued a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Apple in a research note on Monday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $194.00 price objective (up previously from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Apple in a research note on Tuesday, July 25th. Finally, Macquarie lifted their price objective on shares of Apple from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $200.12.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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