Columbus Macro LLC Sells 101 Shares of Apple Inc. (NASDAQ:AAPL)

Columbus Macro LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,652 shares of the iPhone maker’s stock after selling 101 shares during the quarter. Apple makes up 0.9% of Columbus Macro LLC’s holdings, making the stock its 28th largest holding. Columbus Macro LLC’s holdings in Apple were worth $2,350,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Francis Financial Inc. grew its position in Apple by 8.5% in the 2nd quarter. Francis Financial Inc. now owns 17,254 shares of the iPhone maker’s stock valued at $3,634,000 after acquiring an additional 1,352 shares during the last quarter. Atlas Private Wealth Advisors grew its position in Apple by 97.7% in the 2nd quarter. Atlas Private Wealth Advisors now owns 97,451 shares of the iPhone maker’s stock valued at $20,527,000 after acquiring an additional 48,161 shares during the last quarter. Twelve Points Wealth Management LLC grew its position in Apple by 134.5% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 19,026 shares of the iPhone maker’s stock valued at $4,007,000 after acquiring an additional 10,911 shares during the last quarter. Sendero Wealth Management LLC grew its position in Apple by 258.4% in the 2nd quarter. Sendero Wealth Management LLC now owns 62,756 shares of the iPhone maker’s stock valued at $13,218,000 after acquiring an additional 45,245 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its position in shares of Apple by 8.5% during the 2nd quarter. Opal Wealth Advisors LLC now owns 31,927 shares of the iPhone maker’s stock worth $6,724,000 after buying an additional 2,496 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Raymond James increased their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on Apple from $245.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Sanford C. Bernstein raised their price objective on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Finally, Maxim Group raised their price objective on Apple from $195.00 to $203.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $237.30.

Apple Price Performance

NASDAQ:AAPL opened at $229.00 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.51 trillion, a P/E ratio of 35.61, a P/E/G ratio of 2.69 and a beta of 1.24. The stock’s fifty day moving average is $222.30 and its two-hundred day moving average is $196.25.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is currently 15.55%.

Apple Company 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.