Windsor Capital Management LLC Has $3.84 Million Stake in Apple Inc. (NASDAQ:AAPL)

Windsor Capital Management LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,396 shares of the iPhone maker’s stock after selling 171 shares during the period. Apple accounts for about 1.2% of Windsor Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Windsor Capital Management LLC’s holdings in Apple were worth $3,840,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wyrmwood Management LLC grew its position in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the 4th quarter valued at $39,000. Gilfoyle & Co LLC increased its stake in Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. University of Texas Texas AM Investment Managment Co. increased its stake in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Apple during the 4th quarter valued at $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,355 shares of company stock valued at $34,771,329. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 1.6 %

Shares of Apple stock opened at $220.27 on Wednesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $220.38. The company has a market cap of $3.38 trillion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.56 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $193.14 and its 200-day moving average price is $185.44.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The firm had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple declared that its Board of Directors has approved a share repurchase plan on Thursday, May 2nd that allows the company to buyback $110.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AAPL shares. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Apple in a research note on Monday. Rosenblatt Securities upgraded shares of Apple from a “neutral” rating to a “buy” rating and boosted their price target for the company from $196.00 to $260.00 in a research note on Wednesday, June 26th. UBS Group restated a “neutral” rating and set a $190.00 price target on shares of Apple in a research note on Monday. Sanford C. Bernstein upped their target price on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $230.00 in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Apple Profile

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.