Wilson & Boucher Capital Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 34,790 shares of the iPhone maker’s stock after selling 747 shares during the quarter. Apple accounts for approximately 5.0% of Wilson & Boucher Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Wilson & Boucher Capital Management LLC’s holdings in Apple were worth $7,138,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc purchased a new stake in Apple in the 4th quarter valued at $47,000. Elite Financial Inc. purchased a new stake in Apple in the 1st quarter valued at $58,000. Conquis Financial LLC purchased a new stake in Apple in the 4th quarter valued at $63,000. Finally, LSV Asset Management purchased a new stake in Apple in the 4th quarter valued at $65,000. 67.73% of the stock is currently owned by institutional investors.
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Apple Stock Performance
Shares of NASDAQ AAPL opened at $238.99 on Thursday. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The stock’s 50-day moving average is $223.15 and its 200 day moving average is $212.36.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 15.78%.
Insider Transactions at Apple
In related news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms recently commented on AAPL. Barclays increased their price target on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Morgan Stanley set a $240.00 price objective on Apple and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Raymond James Financial restated an “outperform” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Thursday, September 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.93.
Check Out Our Latest Analysis on AAPL
About Apple
(Free Report)
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.
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