Apple Inc. $AAPL Stock Position Lessened by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.9% in the second quarter, HoldingsChannel reports. The fund owned 193,228 shares of the iPhone maker’s stock after selling 28,552 shares during the quarter. Apple makes up 5.5% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 2nd largest position. Sloy Dahl & Holst LLC’s holdings in Apple were worth $39,645,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ryan Investment Management Inc. purchased a new position in Apple during the 2nd quarter worth $31,000. ROSS JOHNSON & Associates LLC raised its stake in Apple by 1,800.0% in the first 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 last quarter. Nexus Investment Management ULC boosted its holdings in Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after acquiring an additional 200 shares in the last quarter. Elite Financial Inc. purchased a new stake in shares of Apple during the first quarter worth about $58,000. Finally, LSV Asset Management acquired a new position in shares of Apple during the fourth quarter valued at about $65,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

NASDAQ:AAPL opened at $271.49 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a 50 day moving average price of $259.49 and a 200-day moving average price of $229.13. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32. The firm has a market cap of $4.01 trillion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter last year, the business earned $1.64 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is currently 13.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAPL shares. Robert W. Baird set a $300.00 price target on shares of Apple in a report on Friday, October 31st. TD Cowen upped their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Rosenblatt Securities lifted their price target on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Melius Research set a $345.00 price target on Apple in a research note on Friday, October 31st. Finally, Monness Crespi & Hardt increased their price objective on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.22.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on 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 directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,052 shares of company stock worth $58,604,588 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

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.