Apple Inc. (NASDAQ:AAPL) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp cut its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 45,348 shares of the iPhone maker’s stock after selling 2,491 shares during the period. Apple comprises about 1.9% of Noesis Capital Mangement Corp’s holdings, making the stock its 22nd biggest holding. Noesis Capital Mangement Corp’s holdings in Apple were worth $7,918,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AAPL. Cardinal Capital Management Inc. raised its position in shares of Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $41,000. St. James Investment Advisors LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $57,000. Emerson Wealth LLC raised its position in shares of Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after buying an additional 320 shares during the last quarter. Finally, Econ Financial Services Corp raised its position in shares of Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after buying an additional 95 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 3.8 %

Shares of AAPL opened at $163.62 on Friday. The stock has a market capitalization of $2.63 trillion, a PE ratio of 27.00, a P/E/G ratio of 2.16 and a beta of 1.23. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The company’s 50-day simple moving average is $154.62 and its 200-day simple moving average is $157.14.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. Analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.56%. Apple’s dividend payout ratio (DPR) is 15.18%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AAPL shares. Citigroup increased their target price on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, July 29th. KeyCorp upped their price objective on shares of Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Fundamental Research set a $177.07 price objective on shares of Apple and gave the company a “buy” rating in a report on Thursday, August 4th. UBS Group set a $185.00 price objective on shares of Apple in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a report on Monday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.18.

Insider Activity at Apple

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

Apple 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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