HM Capital Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,227 shares of the iPhone maker’s stock after selling 495 shares during the quarter. Apple makes up about 0.5% of HM Capital Management LLC’s holdings, making the stock its 21st largest holding. HM Capital Management LLC’s holdings in Apple were worth $837,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Centaurus Financial Inc. increased its stake in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in Apple during the fourth quarter worth $50,000. NuWave Investment Management LLC increased its stake in Apple by 2,245.0% during the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 449 shares during the last quarter. INR Advisory Services LLC acquired a new stake in Apple during the fourth quarter worth $124,000. Finally, Denali Advisors LLC increased its stake in Apple by 12.5% during the second quarter. Denali Advisors LLC now owns 900 shares of the iPhone maker’s stock worth $178,000 after acquiring an additional 100 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on AAPL. Nomura raised their target price on Apple from $180.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Rosenblatt Securities reissued a “sell” rating and set a $150.00 target price on shares of Apple in a research note on Monday, July 8th. Wedbush reissued an “outperform” rating on shares of Apple in a research note on Tuesday. Jefferies Financial Group raised their target price on Apple from $160.00 to $210.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Finally, BidaskClub raised Apple from a “hold” rating to a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $217.12.

In related news, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the completion of the transaction, the director now directly owns 1,150,783 shares in the company, valued at $246,290,577.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,376 shares of Apple stock in a transaction on Thursday, August 1st. The shares were 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. Company insiders own 0.05% of the company’s stock.

AAPL opened at $208.97 on Wednesday. The stock has a market capitalization of $908.31 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.69 and a beta of 1.25. The stock’s fifty day moving average price is $203.54. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. Apple’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. Research analysts expect that Apple Inc. will post 11.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a yield of 1.47%. Apple’s dividend payout ratio (DPR) is presently 25.86%.

Apple declared that its board has initiated a share buyback plan on Tuesday, April 30th that authorizes the company to repurchase $75.00 billion in shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management 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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