Neumann Capital Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,400 shares of the iPhone maker’s stock after selling 410 shares during the quarter. Apple makes up 3.4% of Neumann Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Neumann Capital Management LLC’s holdings in Apple were worth $5,442,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAPL. Summit Trail Advisors LLC grew its stake in shares of Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after acquiring an additional 20,067,124 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Apple by 18,553.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after acquiring an additional 16,668,866 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Apple during the 1st quarter worth $830,026,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Apple by 6.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock worth $3,148,443,000 after acquiring an additional 1,030,981 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Apple by 4.3% during the 1st quarter. Fisher Asset Management LLC now owns 11,692,755 shares of the iPhone maker’s stock worth $1,961,810,000 after acquiring an additional 485,781 shares during the period. Institutional investors own 57.14% of the company’s stock.

Several research analysts have recently weighed in on the company. Wells Fargo & Co set a $210.00 price target on Apple and gave the stock a “neutral” rating in a research note on Monday, October 1st. Oppenheimer reiterated a “neutral” rating on shares of Apple in a research note on Monday, October 1st. Morgan Stanley reiterated a “buy” rating and set a $245.00 price target (up previously from $232.00) on shares of Apple in a research note on Wednesday, September 5th. DA Davidson reiterated a “buy” rating and set a $265.00 price target (up previously from $230.00) on shares of Apple in a research note on Wednesday, September 5th. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research note on Monday, September 3rd. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twenty-four have issued a buy rating to the company. Apple currently has a consensus rating of “Hold” and an average target price of $219.95.

NASDAQ:AAPL opened at $168.49 on Friday. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The stock has a market capitalization of $858.77 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm had revenue of $62.90 billion for the quarter, compared to analysts’ expectations of $61.55 billion. During the same quarter last year, the firm posted $2.07 EPS. The company’s revenue was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 13.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 12th were issued a $0.73 dividend. The ex-dividend date was Thursday, November 8th. This represents a $2.92 annualized dividend and a dividend yield of 1.73%. Apple’s payout ratio is currently 24.52%.

In other Apple news, insider Chris Kondo sold 3,408 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total value of $647,520.00. Following the sale, the insider now owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luca Maestri sold 100,245 shares of the firm’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $228.56, for a total value of $22,911,997.20. Following the completion of the sale, the insider now directly owns 91,665 shares in the company, valued at approximately $20,950,952.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,845 shares of company stock worth $47,015,677. Insiders own 0.08% of the company’s stock.

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Apple Company 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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