Tradewinds Capital Management LLC Has $8.60 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Tradewinds Capital Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,224 shares of the iPhone maker’s stock after selling 2,235 shares during the period. Apple accounts for about 1.4% of Tradewinds Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Tradewinds Capital Management LLC’s holdings in Apple were worth $8,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mascoma Wealth Management LLC lifted its stake in shares of Apple by 4.2% in the 1st quarter. Mascoma Wealth Management LLC now owns 34,759 shares of the iPhone maker’s stock valued at $6,069,000 after purchasing an additional 1,404 shares during the last quarter. Balasa Dinverno & Foltz LLC lifted its position in Apple by 2.7% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 181,611 shares of the iPhone maker’s stock worth $31,711,000 after acquiring an additional 4,830 shares during the last quarter. Emerson Wealth LLC lifted its position in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 320 shares during the last quarter. Eastover Investment Advisors LLC lifted its position in Apple by 6.2% during the 1st quarter. Eastover Investment Advisors LLC now owns 63,082 shares of the iPhone maker’s stock worth $11,015,000 after acquiring an additional 3,666 shares during the last quarter. Finally, WoodTrust Financial Corp lifted its position in Apple by 2.0% during the 1st quarter. WoodTrust Financial Corp now owns 111,763 shares of the iPhone maker’s stock worth $19,515,000 after acquiring an additional 2,144 shares during the last quarter. Institutional investors and hedge funds own 57.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AAPL shares. Bank of America cut their target price on shares of Apple from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Barclays dropped their price objective on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. Loop Capital dropped their price objective on shares of Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of Apple in a report on Wednesday, June 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Apple Stock Down 0.8 %

Shares of NASDAQ:AAPL opened at $154.09 on Monday. The company has a 50 day moving average price of $142.90 and a two-hundred day moving average price of $157.81. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a market capitalization of $2.49 trillion, a PE ratio of 25.01, a PEG ratio of 2.00 and a beta of 1.19.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $97.28 billion during the quarter, compared to the consensus estimate of $93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. Analysts forecast that Apple Inc. will post 6.09 earnings per share for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Monday, May 9th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. This is an increase from Apple’s previous quarterly dividend of $0.22. Apple’s dividend payout ratio (DPR) is 14.94%.

Apple announced that its Board of Directors has approved a share repurchase plan on Thursday, April 28th that permits the company to repurchase $90.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total value of $4,043,000.00. Following the completion of the sale, the senior vice president now owns 452,334 shares in the company, valued at $73,151,454.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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