Apple Inc. (NASDAQ:AAPL) is Solstein Capital LLC’s Largest Position

Solstein Capital LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,138 shares of the iPhone maker’s stock after selling 409 shares during the quarter. Apple makes up approximately 8.4% of Solstein Capital LLC’s investment portfolio, making the stock its largest position. Solstein Capital LLC’s holdings in Apple were worth $12,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cardinal Capital Management Inc. boosted its stake in shares of Apple by 5,525.0% during the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after purchasing an additional 221 shares during the period. Shore Point Advisors LLC purchased a new stake in shares of Apple during the fourth quarter valued at $41,000. St. James Investment Advisors LLC purchased a new stake in shares of Apple during the fourth quarter valued at $57,000. Emerson Wealth LLC boosted its stake in shares of Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 320 shares during the period. Finally, Econ Financial Services Corp boosted its stake in shares of Apple by 29.1% during the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after purchasing an additional 95 shares during the period. 57.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AAPL shares. Itau BBA Securities started coverage on shares of Apple in a research note on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research note on Monday, May 2nd. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a research note on Monday, August 1st. Barclays lowered their price objective on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 13th. Finally, Bank of America lowered their price objective on shares of Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.18.

Apple Price Performance

Shares of NASDAQ AAPL opened at $163.62 on Friday. The business’s 50 day moving average price is $154.62 and its 200 day moving average price is $157.14. The firm has a market cap of $2.63 trillion, a P/E ratio of 27.00, a P/E/G ratio of 2.16 and a beta of 1.23. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 6.1 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.56%. Apple’s dividend payout ratio is presently 15.18%.

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.

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