Tradewinds Capital Management LLC Sells 727 Shares of Apple Inc. $AAPL

Tradewinds Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,436 shares of the iPhone maker’s stock after selling 727 shares during the period. Apple makes up approximately 0.8% of Tradewinds Capital Management LLC’s holdings, making the stock its 16th biggest position. Tradewinds Capital Management LLC’s holdings in Apple were worth $3,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Ryan Investment Management Inc. purchased a new position in Apple in the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC boosted its position in shares of Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Apple during the fourth quarter valued at $65,000. Finally, Elite Financial Inc. bought a new stake in Apple in the 1st quarter worth about $58,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

AAPL opened at $272.41 on Monday. The stock has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a fifty day moving average of $255.92 and a 200 day moving average of $227.05.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping 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 analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. Apple’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal 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 issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This trade represents a 32.39% 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 valued at $58,604,588 in the last quarter. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Melius Research set a $345.00 price target on Apple in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their target price on Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Tigress Financial boosted their price target on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, Morgan Stanley increased their price objective on shares of Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

About Apple

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.