Apple Inc. $AAPL is Atmos Capital Gestao DE Recursos LTDA.’s 7th Largest Position

Atmos Capital Gestao DE Recursos LTDA. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 21.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,735 shares of the iPhone maker’s stock after selling 13,558 shares during the period. Apple makes up 1.8% of Atmos Capital Gestao DE Recursos LTDA.’s holdings, making the stock its 7th biggest holding. Atmos Capital Gestao DE Recursos LTDA.’s holdings in Apple were worth $13,521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McLaughlin Asset Management Inc. bought a new position in shares of Apple during the fourth quarter worth about $2,990,000. Capstone Wealth Management Inc. acquired a new stake in Apple during the fourth quarter valued at approximately $252,000. Bauman Advisory Group LLC acquired a new stake in Apple during the fourth quarter valued at approximately $2,554,000. White Knight Strategic Wealth Advisors LLC lifted its holdings in Apple by 3.3% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 21,486 shares of the iPhone maker’s stock worth $5,841,000 after buying an additional 689 shares during the last quarter. Finally, Kinloch Capital LLC grew its position in shares of Apple by 50.6% in the 4th quarter. Kinloch Capital LLC now owns 6,127 shares of the iPhone maker’s stock worth $1,666,000 after acquiring an additional 2,058 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Rosenblatt Securities reiterated a “neutral” rating and issued a $276.00 price target on shares of Apple in a report on Tuesday, June 9th. Maxim Group reaffirmed a “buy” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research note on Tuesday, June 9th. TD Cowen increased their target price on shares of Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Evercore restated an “outperform” rating on shares of Apple in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $314.59.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 97,875 shares of company stock valued at $24,998,541. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $298.01 on Friday. The stock has a market cap of $4.38 trillion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. The firm’s 50-day simple moving average is $289.73 and its 200 day simple moving average is $272.98. Apple Inc. has a fifty-two week low of $196.85 and a fifty-two week high of $317.40. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period in the previous year, the business posted $1.65 EPS. Apple’s revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple’s payout ratio is presently 13.06%.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.