Apple Inc. (NASDAQ:AAPL) Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,955 shares of the iPhone maker’s stock after selling 142 shares during the quarter. Apple accounts for about 3.8% of Shulman DeMeo Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Shulman DeMeo Asset Management LLC’s holdings in Apple were worth $14,734,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Yeomans Consulting Group Inc. acquired a new stake in shares of Apple in the 4th quarter valued at approximately $1,713,000. Raleigh Capital Management Inc. boosted its position in Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after buying an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA bought a new stake in shares of Apple during the fourth quarter worth $38,406,000. Barden Capital Management Inc. lifted its stake in shares of Apple by 132.8% in the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC bought a new stake in Apple during the 4th quarter worth $4,782,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, 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 value of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a document filed with the SEC, 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 transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock valued at $23,723,887 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.0 %

Shares of Apple stock opened at $222.77 on Friday. The stock has a market capitalization of $3.42 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The stock has a 50 day moving average price of $223.22 and a two-hundred day moving average price of $198.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, equities analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a research report on Monday. Melius Research restated a “buy” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Finally, Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $300.00 in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.62.

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.