Blackhill Capital Inc. Cuts Holdings in Apple Inc. (AAPL)

Blackhill Capital Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,357 shares of the iPhone maker’s stock after selling 3,395 shares during the period. Apple makes up about 2.0% of Blackhill Capital Inc.’s holdings, making the stock its 12th biggest holding. Blackhill Capital Inc.’s holdings in Apple were worth $11,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Summit Trail Advisors LLC boosted its stake in shares of Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after purchasing an additional 20,067,124 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Apple by 6.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after purchasing an additional 1,030,981 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Apple by 18,553.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock valued at $89,526,000 after purchasing an additional 16,668,866 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Apple by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock valued at $2,711,005,000 after purchasing an additional 55,050 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Apple by 4.0% in the 2nd quarter. Fisher Asset Management LLC now owns 12,159,643 shares of the iPhone maker’s stock valued at $2,250,872,000 after purchasing an additional 466,888 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ AAPL opened at $178.58 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47. The firm has a market capitalization of $877.75 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.28 and a beta of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. During the same period in the prior year, the business earned $2.07 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 13.32 EPS for the current year.

The business also recently disclosed 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 yield of 1.64%. Apple’s dividend payout ratio (DPR) is presently 24.52%.

In other Apple news, COO Jeffrey E. Williams sold 61,998 shares of the company’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $232.33, for a total value of $14,403,995.34. Following the completion of the transaction, the chief operating officer now directly owns 124,695 shares in the company, valued at approximately $28,970,389.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 3,408 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares of the company’s stock, valued at $1,698,600. The disclosure for this sale can be found here. Insiders sold a total of 204,845 shares of company stock valued at $47,015,677 over the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of brokerages have recently issued reports on AAPL. JPMorgan Chase & Co. set a $266.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity cut their price objective on shares of Apple from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush raised shares of Apple to an “outperform” rating and cut their price objective for the company from $310.00 to $275.00 in a research note on Wednesday, November 28th. They noted that the move was a valuation call. BidaskClub cut shares of Apple from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Finally, UBS Group reissued a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Tuesday, November 27th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $220.67.

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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.

See Also: How can you know how many shares are floating?

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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