Rational Advisors LLC Decreases Holdings in Apple Inc. (NASDAQ:AAPL)
Rational Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 42.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,937 shares of the iPhone maker’s stock after selling 10,083 shares during the period. Apple accounts for 1.0% of Rational Advisors LLC’s holdings, making the stock its 15th biggest position. Rational Advisors LLC’s holdings in Apple were worth $2,759,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC raised its holdings in shares of Apple by 10.1% in the second quarter. Capital Investment Advisory Services LLC now owns 22,652 shares of the iPhone maker’s stock worth $4,694,000 after buying an additional 2,081 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Apple in the second quarter worth $1,403,000. Corient Capital Partners LLC raised its holdings in shares of Apple by 11.5% in the second quarter. Corient Capital Partners LLC now owns 44,559 shares of the iPhone maker’s stock worth $8,819,000 after buying an additional 4,582 shares during the last quarter. Albion Financial Group UT raised its holdings in shares of Apple by 0.7% in the second quarter. Albion Financial Group UT now owns 114,265 shares of the iPhone maker’s stock worth $22,615,000 after buying an additional 839 shares during the last quarter. Finally, Hotaling Investment Management LLC raised its holdings in shares of Apple by 0.9% in the second quarter. Hotaling Investment Management LLC now owns 32,688 shares of the iPhone maker’s stock worth $6,470,000 after buying an additional 284 shares during the last quarter. 58.77% of the stock is owned by institutional investors.
In other news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 17,500 shares of Apple stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the sale, the director now owns 1,150,783 shares in the company, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 304,536 shares of company stock worth $62,894,611. 0.05% of the stock is owned by company insiders.
AAPL stock traded down $4.02 during midday trading on Friday, hitting $219.07. 1,084,421 shares of the stock traded hands, compared to its average volume of 24,353,276. The firm has a market cap of $979.31 billion, a P/E ratio of 18.38, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The stock’s fifty day simple moving average is $207.16 and its 200-day simple moving average is $196.48. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.08. The company had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $2.34 earnings per share. On average, research analysts predict that Apple Inc. will post 11.68 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 annualized dividend and a yield of 1.41%. Apple’s dividend payout ratio is presently 25.86%.
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.
Further Reading: Neutral Rating
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