Apple Inc. (NASDAQ:AAPL) Shares Sold by Loudon Investment Management LLC

Loudon Investment Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,331 shares of the iPhone maker’s stock after selling 722 shares during the quarter. Apple comprises approximately 2.1% of Loudon Investment Management LLC’s holdings, making the stock its 18th largest holding. Loudon Investment Management LLC’s holdings in Apple were worth $3,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Allied Investment Advisors LLC grew its position in Apple by 2.7% in the first quarter. Allied Investment Advisors LLC now owns 82,976 shares of the iPhone maker’s stock valued at $14,229,000 after acquiring an additional 2,166 shares in the last quarter. Capital CS Group LLC raised its position in shares of Apple by 111.6% in the 1st quarter. Capital CS Group LLC now owns 4,762 shares of the iPhone maker’s stock valued at $817,000 after purchasing an additional 45,729 shares in the last quarter. First Affirmative Financial Network grew its holdings in Apple by 8.4% during the 1st quarter. First Affirmative Financial Network now owns 21,997 shares of the iPhone maker’s stock worth $3,772,000 after acquiring an additional 1,700 shares in the last quarter. Ballew Advisors Inc lifted its position in shares of Apple by 2.5% during the first quarter. Ballew Advisors Inc now owns 7,842 shares of the iPhone maker’s stock worth $1,316,000 after purchasing an additional 191 shares during the last quarter. Finally, Meyer Handelman Co. lifted its holdings in Apple by 16.0% during the 1st quarter. Meyer Handelman Co. now owns 604,207 shares of the iPhone maker’s stock worth $103,609,000 after buying an additional 83,222 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AAPL. The Goldman Sachs Group raised their price target on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Cfra raised their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Tigress Financial upped their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price target on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Citigroup raised their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.27.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple 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 owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction 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 directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock worth $114,786,399. Insiders own 0.06% of the company’s stock.

Apple Stock Down 2.2 %

NASDAQ:AAPL opened at $230.76 on Thursday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The firm has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The business’s fifty day moving average price is $226.64 and its 200 day moving average price is $209.48.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s 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 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s payout ratio is 15.55%.

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.