Silvant Capital Management LLC Lowers Holdings in Apple Inc. (NASDAQ:AAPL)

Silvant Capital Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,019,692 shares of the iPhone maker’s stock after selling 2,452 shares during the period. Apple comprises approximately 9.5% of Silvant Capital Management LLC’s holdings, making the stock its 3rd largest holding. Silvant Capital Management LLC’s holdings in Apple were worth $214,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple during the 1st quarter worth approximately $35,000. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Apple in the 4th quarter worth $39,000. University of Texas Texas AM Investment Managment Co. increased its holdings in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Apple during the 4th quarter worth approximately $85,000. Finally, Clear Street Markets LLC grew its holdings in Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.1 %

AAPL stock opened at $227.79 on Monday. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The stock has a market cap of $3.49 trillion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a fifty day moving average price of $222.19 and a two-hundred day moving average price of $202.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the business earned $1.26 EPS. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 of this dividend was Monday, August 12th. Apple’s payout ratio is 15.55%.

Analyst Ratings Changes

A number of research firms recently commented on AAPL. Moffett Nathanson assumed coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. Melius Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. UBS Group raised their target price on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price target on shares of Apple in a report on Monday, September 9th. Finally, StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.76.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated 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 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 this link. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is currently owned by corporate insiders.

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.