Woodstock Corp Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Woodstock Corp decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,967 shares of the iPhone maker’s stock after selling 843 shares during the quarter. Apple makes up 3.9% of Woodstock Corp’s portfolio, making the stock its 5th largest position. Woodstock Corp’s holdings in Apple were worth $37,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in shares of Apple during the 1st quarter worth $35,000. Fidelis Capital Partners LLC grew its holdings in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple during the 4th quarter valued at about $39,000. Gilfoyle & Co LLC raised its holdings in shares of Apple by 168.0% in the 4th quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock valued at $52,000 after purchasing an additional 168 shares in the last quarter. Finally, University of Texas Texas AM Investment Managment Co. lifted its position in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 0.1 %

NASDAQ:AAPL opened at $227.18 on Tuesday. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 35.33, a PEG ratio of 2.60 and a beta of 1.24. The company’s fifty day moving average price is $220.53 and its 200-day moving average price is $194.75. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating 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 return on equity of 145.35% and a net margin of 26.44%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 6.61 EPS for the current year.

Apple Dividend Announcement

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

Apple announced that its Board of Directors has approved a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Monness Crespi & Hardt lifted their price objective on shares of Apple from $205.00 to $245.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird lifted 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. Rosenblatt Securities upped their price objective on Apple from $260.00 to $261.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Raymond James lifted their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein increased their price target on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.63.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the transaction, the director now owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,884 shares of company stock worth $38,092,387. Corporate insiders own 0.06% of the company’s stock.

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.