Apple Inc. (NASDAQ:AAPL) Shares Sold by Acima Private Wealth LLC

Acima Private Wealth LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 8.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,403 shares of the iPhone maker’s stock after selling 3,457 shares during the period. Apple accounts for 2.9% of Acima Private Wealth LLC’s portfolio, making the stock its 9th biggest holding. Acima Private Wealth LLC’s holdings in Apple were worth $7,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. A.P. Gilfoyle & Co. L.P. bought a new position in Apple in the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. grew its stake in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Apple during the fourth quarter worth $85,000. Clear Street Markets LLC raised its stake in Apple by 100.6% during the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the last quarter. Finally, Access Investment Management LLC bought a new stake in Apple in the 1st quarter valued at $140,000. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

AAPL stock opened at $229.04 on Friday. The stock has a market capitalization of $3.51 trillion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The stock’s 50 day simple moving average is $223.25 and its 200 day simple moving average is $205.14. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. Sanford C. Bernstein upped their target price on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Piper Sandler reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Finally, Melius Research reaffirmed a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

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.