Sollinda Capital Management LLC Acquires 562 Shares of Apple Inc. (NASDAQ:AAPL)

Sollinda Capital Management LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 6.9% in the third quarter, Holdings Channel reports. The institutional investor owned 8,715 shares of the iPhone maker’s stock after buying an additional 562 shares during the period. Apple accounts for approximately 0.6% of Sollinda Capital Management LLC’s holdings, making the stock its 20th largest position. Sollinda Capital Management LLC’s holdings in Apple were worth $2,031,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lantz Financial LLC grew its position in Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the period. AHL Investment Management Inc. boosted its holdings in shares of Apple by 5.3% in the 2nd quarter. AHL Investment Management Inc. now owns 33,157 shares of the iPhone maker’s stock worth $6,984,000 after buying an additional 1,680 shares during the last quarter. Asset Management Advisors LLC boosted its holdings in shares of Apple by 1.0% in the 2nd quarter. Asset Management Advisors LLC now owns 45,736 shares of the iPhone maker’s stock worth $9,633,000 after buying an additional 459 shares during the last quarter. Signature Wealth Management Partners LLC lifted its holdings in Apple by 4.0% during the second quarter. Signature Wealth Management Partners LLC now owns 52,874 shares of the iPhone maker’s stock valued at $11,136,000 after purchasing an additional 2,016 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its holdings in Apple by 14.6% during the second quarter. D.B. Root & Company LLC now owns 46,704 shares of the iPhone maker’s stock valued at $9,837,000 after purchasing an additional 5,947 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.2 %

NASDAQ AAPL opened at $243.36 on Friday. The stock’s 50 day moving average is $238.91 and its 200 day moving average is $228.87. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a market cap of $3.68 trillion, a PE ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the previous year, the firm earned $1.46 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. Moffett Nathanson decreased their price target on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. UBS Group reissued a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Sanford C. Bernstein raised their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Citigroup raised their price target on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.03.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

About Apple

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.