Cypress Capital LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,765 shares of the iPhone maker’s stock after selling 1,353 shares during the period. Apple makes up about 1.3% of Cypress Capital LLC’s holdings, making the stock its 13th largest holding. Cypress Capital LLC’s holdings in Apple were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of AAPL. CX Institutional boosted its stake in Apple by 483.2% in the fourth quarter. CX Institutional now owns 8,724 shares of the iPhone maker’s stock valued at $1,376,000 after acquiring an additional 7,228 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in Apple by 2.1% in the fourth quarter. Sanders Morris Harris LLC now owns 14,052 shares of the iPhone maker’s stock valued at $2,216,000 after acquiring an additional 291 shares in the last quarter. Beech Hill Advisors Inc. boosted its stake in Apple by 1.1% in the fourth quarter. Beech Hill Advisors Inc. now owns 54,768 shares of the iPhone maker’s stock valued at $8,639,000 after acquiring an additional 595 shares in the last quarter. Columbus Macro LLC boosted its stake in Apple by 2.6% in the fourth quarter. Columbus Macro LLC now owns 37,685 shares of the iPhone maker’s stock valued at $5,944,000 after acquiring an additional 946 shares in the last quarter. Finally, Stony Point Wealth Management Inc. boosted its stake in Apple by 16.2% in the fourth quarter. Stony Point Wealth Management Inc. now owns 10,289 shares of the iPhone maker’s stock valued at $1,623,000 after acquiring an additional 1,436 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total transaction of $951,648.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total transaction of $3,745,350.00. Following the sale, the director now directly owns 1,150,783 shares in the company, valued at $246,290,577.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,376 shares of company stock worth $8,226,574. Company insiders own 0.05% of the company’s stock.
Shares of AAPL stock opened at $201.74 on Friday. The firm’s 50 day moving average price is $203.69 and its 200-day moving average price is $191.64. 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 Inc. has a one year low of $142.00 and a one year high of $233.47. The firm has a market cap of $944.37 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.76 and a beta of 1.25.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. During the same period in the prior year, the business posted $2.34 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 11.58 EPS for the current fiscal year.
Apple announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 30th that allows the company to buyback $75.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.77 dividend. The ex-dividend date was Friday, August 9th. This represents a $3.08 annualized dividend and a dividend yield of 1.53%. Apple’s dividend payout ratio is currently 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.
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