HNP Capital LLC Sells 75 Shares of Apple Inc. (NASDAQ:AAPL)

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HNP Capital LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,548 shares of the iPhone maker’s stock after selling 75 shares during the period. Apple makes up about 1.6% of HNP Capital LLC’s investment portfolio, making the stock its 19th largest position. HNP Capital LLC’s holdings in Apple were worth $2,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Apple by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 12,766,487 shares of the iPhone maker’s stock worth $2,013,786,000 after acquiring an additional 417,421 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Apple by 4.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after acquiring an additional 414,856 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Apple by 19,949.3% in the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock valued at $1,005,513,000 after purchasing an additional 10,004,976 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Apple by 4.0% in the first quarter. Clearbridge Investments LLC now owns 7,652,260 shares of the iPhone maker’s stock valued at $1,453,547,000 after purchasing an additional 295,102 shares during the last quarter. Finally, Sanders Capital LLC increased its holdings in Apple by 1.4% in the fourth quarter. Sanders Capital LLC now owns 7,620,004 shares of the iPhone maker’s stock valued at $1,321,786,000 after purchasing an additional 108,823 shares during the last quarter. 59.21% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the company. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Jefferies Financial Group upped their price objective on Apple from $160.00 to $210.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Maxim Group dropped their price objective on Apple to $211.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Daiwa Capital Markets set a $223.00 price objective on Apple and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, UBS Group set a $235.00 target price on Apple and gave the company a “buy” rating in a research note on Friday, August 16th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Apple presently has an average rating of “Hold” and an average target price of $211.12.

In related news, Director Arthur D. Levinson sold 17,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total transaction of $3,745,350.00. Following the sale, the director now owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,376 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders have sold 39,376 shares of company stock worth $8,226,574 in the last three months. 0.05% of the stock is currently owned by company insiders.

Shares of NASDAQ AAPL opened at $202.64 on Friday. The firm has a market cap of $960.14 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The business’s 50 day moving average is $205.00 and its 200-day moving average is $192.84.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 earnings per share. Analysts forecast that Apple Inc. will post 11.63 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, August 9th. Apple’s dividend payout ratio is currently 25.86%.

Apple announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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