TABR Capital Management LLC Has $1.32 Million Holdings in Apple Inc. $AAPL

TABR Capital Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,433 shares of the iPhone maker’s stock after selling 309 shares during the quarter. Apple accounts for about 1.1% of TABR Capital Management LLC’s holdings, making the stock its 12th largest position. TABR Capital Management LLC’s holdings in Apple were worth $1,320,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Ryan Investment Management Inc. acquired a new position in Apple in the 2nd quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. Elite Financial Inc. acquired a new position in Apple in the 1st quarter valued at approximately $58,000. LSV Asset Management acquired a new position in Apple in the 4th quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple in the 1st quarter valued at approximately $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock valued at $65,358,981 in the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a research note on Thursday, September 11th. JPMorgan Chase & Co. increased their price target on shares of Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a research note on Thursday, September 4th. Rosenblatt Securities increased their price target on shares of Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Wedbush set a $310.00 price target on shares of Apple and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.29.

Apple Price Performance

NASDAQ AAPL opened at $252.29 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $241.13 and a 200 day simple moving average of $216.91. The company has a market cap of $3.74 trillion, a P/E ratio of 38.28, a P/E/G ratio of 2.46 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is 15.78%.

Apple Company 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.