Winslow Asset Management Inc. Has $17.40 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Winslow Asset Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 87,917 shares of the iPhone maker’s stock after selling 6,760 shares during the quarter. Apple makes up about 3.9% of Winslow Asset Management Inc.’s portfolio, making the stock its 2nd largest position. Winslow Asset Management Inc.’s holdings in Apple were worth $17,401,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Centaurus Financial Inc. boosted its stake in Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after purchasing an additional 1,262 shares during the period. Semmax Financial Advisors Inc. bought a new stake in Apple during the 4th quarter valued at approximately $50,000. Avondale Wealth Management boosted its stake in Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the period. NuWave Investment Management LLC boosted its stake in Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the period. Finally, Horan Securities Inc. boosted its stake in Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 59.21% of the company’s stock.

In related news, Director Arthur D. Levinson sold 17,500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was 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 directly owns 1,150,783 shares of the company’s stock, valued at approximately $232,101,423.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders have sold a total of 39,376 shares of company stock valued at $8,226,574 over the last ninety days. Insiders own 0.05% of the company’s stock.

AAPL has been the subject of several recent analyst reports. Longbow Research restated a “hold” rating on shares of Apple in a research note on Monday, August 12th. Citigroup increased their target price on Apple from $205.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Cascend Securities reiterated a “buy” rating and issued a $240.00 price objective (up previously from $210.00) on shares of Apple in a research report on Thursday, June 20th. Bank of America raised their price objective on Apple from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Maxim Group reduced their price objective on Apple to $211.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $216.11.

Shares of AAPL traded up $0.95 during mid-day trading on Tuesday, reaching $211.30. The company had a trading volume of 1,673,190 shares, compared to its average volume of 32,169,956. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $233.47. 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 company’s 50-day moving average is $204.45 and its 200-day moving average is $191.97. The company has a market capitalization of $933.21 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.73 and a beta of 1.25.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. During the same period in the prior year, the firm posted $2.34 EPS. Apple’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Apple Inc. will post 11.58 EPS for the current fiscal year.

Apple announced that its board has authorized a share buyback plan on Tuesday, April 30th that allows the company to buyback $75.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a yield of 1.46%. Apple’s dividend payout ratio is 25.86%.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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