Western Financial Corp CA Has $845,000 Position in Apple Inc. $AAPL

Western Financial Corp CA lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% during the second quarter, HoldingsChannel reports. The firm owned 4,119 shares of the iPhone maker’s stock after selling 100 shares during the quarter. Western Financial Corp CA’s holdings in Apple were worth $845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after buying an additional 5,005,297 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position in Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares during the last quarter. Northern Trust Corp raised its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after buying an additional 13,137,968 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Apple by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock valued at $21,790,933,000 after buying an additional 984,157 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 3.5%

AAPL stock opened at $245.27 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.64 trillion, a PE ratio of 37.22, a PEG ratio of 2.39 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The business’s 50 day simple moving average is $237.61 and its 200 day simple moving average is $215.83.

Apple (NASDAQ:AAPL) last posted 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 business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. As a group, research analysts anticipate 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. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is presently 15.78%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $205.82 to $205.16 in a research report on Friday, October 3rd. HSBC set a $220.00 price objective on Apple and gave the stock a “hold” rating in a research note on Monday, September 8th. Wedbush set a $310.00 price objective on Apple and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.29.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction 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 transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,922 shares of company stock valued at $64,320,190. 0.06% of the stock is owned by insiders.

Apple 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.