Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Slow Capital Inc.

Slow Capital Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,777 shares of the iPhone maker’s stock after selling 7,670 shares during the quarter. Apple comprises about 3.1% of Slow Capital Inc.’s investment portfolio, making the stock its 7th biggest position. Slow Capital Inc.’s holdings in Apple were worth $19,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. HMS Capital Management LLC grew its position in Apple by 3.8% during the 2nd quarter. HMS Capital Management LLC now owns 17,085 shares of the iPhone maker’s stock worth $3,599,000 after purchasing an additional 630 shares during the period. Rezny Wealth Management Inc. lifted its stake in Apple by 2.2% in the 2nd quarter. Rezny Wealth Management Inc. now owns 2,894 shares of the iPhone maker’s stock worth $610,000 after purchasing an additional 62 shares in the last quarter. Herold Advisors Inc. lifted its stake in Apple by 1.5% in the 2nd quarter. Herold Advisors Inc. now owns 97,574 shares of the iPhone maker’s stock worth $20,553,000 after purchasing an additional 1,415 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Apple by 42.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 436,198 shares of the iPhone maker’s stock worth $91,872,000 after buying an additional 129,827 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in Apple by 14.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 83,836 shares of the iPhone maker’s stock valued at $17,068,000 after purchasing an additional 10,365 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $227.79 on Friday. The business has a 50 day moving average price of $222.12 and a 200 day moving average price of $201.57. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market capitalization of $3.49 trillion, a P/E ratio of 35.43, a P/E/G ratio of 2.66 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Sell-side analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AAPL. UBS Group upped their price target on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Thursday, September 19th. Melius Research reissued a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Rosenblatt Securities restated a “buy” rating and set a $261.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $300.00 in a report on Monday, July 15th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.76.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is owned by company insiders.

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.