Apple Inc. $AAPL Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,852,890 shares of the iPhone maker’s stock after selling 27,475 shares during the quarter. Apple makes up about 4.1% of Yousif Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Yousif Capital Management LLC’s holdings in Apple were worth $380,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of AAPL. Ryan Investment Management Inc. bought a new position in Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Elite Financial Inc. acquired a new position in shares of Apple in the 1st quarter worth approximately $58,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple in the 1st quarter worth approximately $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Apple stock opened at $269.43 on Tuesday. The company has a market cap of $3.98 trillion, a PE ratio of 40.88, a PEG ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $277.32. The company’s 50-day moving average is $253.00 and its two-hundred day moving average is $225.28.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the company earned $1.64 EPS. Apple’s revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is presently 13.92%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating on shares of Apple in a report on Tuesday, October 21st. HSBC set a $220.00 target price on Apple and gave the company a “hold” rating in a research note on Monday, September 8th. Barclays lifted their price target on Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a report on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Finally, Tigress Financial raised their price objective on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $278.22.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares in the company, valued at approximately $2,168,373.35. This represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 224,300 shares of company stock worth $57,586,933. 0.06% of the stock is currently owned by insiders.

Apple 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.