Apple Inc. (NASDAQ:AAPL) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. cut its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,110 shares of the iPhone maker’s stock after selling 8,509 shares during the period. Apple accounts for about 10.0% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its largest position. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $131,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new stake in Apple during the 1st quarter valued at approximately $35,000. Fidelis Capital Partners LLC lifted its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the 4th quarter valued at approximately $39,000. Gilfoyle & Co LLC lifted its stake in Apple by 168.0% during the 4th quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock valued at $52,000 after acquiring an additional 168 shares during the period. Finally, University of Texas Texas AM Investment Managment Co. lifted 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 acquiring an additional 368 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the company’s 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 transaction, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the company’s 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 transaction, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,884 shares of company stock valued at $38,092,387. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 1.0 %

Shares of AAPL stock opened at $226.84 on Friday. The company’s 50-day moving average price is $220.32 and its 200-day moving average price is $194.44. 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 stock has a market cap of $3.48 trillion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.60 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month 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 for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 145.35%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, equities analysts predict that Apple Inc. will post 6.61 earnings per share for the current year.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Barclays cut their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Oppenheimer lifted their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 28th. Wedbush lifted their target price on shares of Apple from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Sanford C. Bernstein lifted their target price on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Raymond James lifted their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.63.

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.