Sicart Associates LLC Has $3.36 Million Stock Holdings in Apple Inc. $AAPL

Sicart Associates LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,364 shares of the iPhone maker’s stock after selling 3,621 shares during the period. Apple makes up about 1.2% of Sicart Associates LLC’s portfolio, making the stock its 28th largest position. Sicart Associates LLC’s holdings in Apple were worth $3,357,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. Salus Financial Advisors LLC grew its stake in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after acquiring an additional 49 shares in the last quarter. Sharpepoint LLC grew its stake in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares in the last quarter. Redwood Financial Network Corp grew its stake in shares of Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after acquiring an additional 53 shares in the last quarter. Mission Hills Financial Advisory LLC grew its stake in shares of Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock worth $892,000 after acquiring an additional 53 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. grew its stake in shares of Apple by 0.3% in the 2nd quarter. Virginia Wealth Management Group Inc. now owns 20,946 shares of the iPhone maker’s stock worth $4,298,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value 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 approximately $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,121 shares of company stock worth $65,358,981 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Jefferies Financial Group lowered shares of Apple from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $205.82 to $205.16 in a research note on Friday, October 3rd. Morgan Stanley set a $298.00 target price on shares of Apple and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target for the company. in a research report on Thursday, September 11th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $248.29.

Apple Price Performance

AAPL opened at $252.29 on Monday. 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 firm has a market cap of $3.74 trillion, a P/E ratio of 38.28, a PEG ratio of 2.46 and a beta of 1.09. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm has a 50-day moving average of $241.13 and a 200 day moving average of $216.91.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. On average, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Apple Company Profile

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.