Fielder Capital Group LLC Sells 1,759 Shares of Apple Inc. (NASDAQ:AAPL)

Fielder Capital Group LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 9.5% during the second quarter, HoldingsChannel.com reports. The firm owned 16,830 shares of the iPhone maker’s stock after selling 1,759 shares during the quarter. Apple makes up 1.4% of Fielder Capital Group LLC’s portfolio, making the stock its 22nd biggest position. Fielder Capital Group LLC’s holdings in Apple were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Apple by 61.4% in the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 305,581 shares of the iPhone maker’s stock valued at $64,361,000 after purchasing an additional 116,212 shares during the last quarter. Mizuho Securities Co. Ltd. increased its stake in shares of Apple by 7.8% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 3,880 shares of the iPhone maker’s stock valued at $817,000 after acquiring an additional 280 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in shares of Apple by 44.6% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 55,350 shares of the iPhone maker’s stock valued at $11,658,000 after acquiring an additional 17,079 shares during the period. Drive Wealth Management LLC boosted its stake in Apple by 4.4% during the 2nd quarter. Drive Wealth Management LLC now owns 62,811 shares of the iPhone maker’s stock worth $13,229,000 after acquiring an additional 2,648 shares during the last quarter. Finally, JPL Wealth Management LLC grew its holdings in Apple by 10.5% during the second quarter. JPL Wealth Management LLC now owns 37,279 shares of the iPhone maker’s stock valued at $7,852,000 after purchasing an additional 3,538 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

AAPL opened at $231.30 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The business has a 50 day moving average of $224.06 and a 200-day moving average of $206.60. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. On average, equities research analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is currently 15.55%.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock worth $114,786,399 over the last three months. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $300.00 in a report on Monday, July 15th. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Thursday, September 19th. Finally, Cfra increased their target price on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

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.