Apple Inc. $AAPL Shares Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,471 shares of the iPhone maker’s stock after selling 645 shares during the period. Apple accounts for approximately 2.1% of Uhlmann Price Securities LLC’s portfolio, making the stock its 6th largest holding. Uhlmann Price Securities LLC’s holdings in Apple were worth $2,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ryan Investment Management Inc. purchased a new position in Apple during the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. Nexus Investment Management ULC lifted its holdings in shares of Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after acquiring an additional 200 shares during the period. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter worth approximately $65,000. Finally, Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter worth approximately $58,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. DZ Bank raised shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Tuesday, November 4th. TD Cowen increased their target price on Apple from $275.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and lifted their target price for the company from $226.00 to $315.00 in a report on Monday, October 20th. Robert W. Baird set a $300.00 price target on Apple in a research report on Friday, October 31st. Finally, Citigroup restated a “buy” rating and issued a $315.00 price objective (up from $245.00) on shares of Apple in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $278.22.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 228,052 shares of company stock valued at $58,604,588. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.0%

NASDAQ:AAPL opened at $267.44 on Wednesday. The business’s 50-day moving average is $257.18 and its two-hundred day moving average is $227.87. The firm has a market capitalization of $3.95 trillion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 earnings per share. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s payout ratio is presently 13.92%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.