Client 1ST Advisory Group LLC Sells 904 Shares of Apple Inc. (NASDAQ:AAPL)

Client 1ST Advisory Group LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,014 shares of the iPhone maker’s stock after selling 904 shares during the quarter. Apple makes up about 1.1% of Client 1ST Advisory Group LLC’s holdings, making the stock its 16th largest position. Client 1ST Advisory Group LLC’s holdings in Apple were worth $2,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AAPL. Hardin Capital Partners LLC purchased a new stake in Apple during the second quarter worth about $1,083,000. Zions Bancorporation N.A. grew its position in shares of Apple by 7.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 102,706 shares of the iPhone maker’s stock valued at $21,632,000 after acquiring an additional 6,689 shares during the period. RS Crum Inc. increased its stake in shares of Apple by 57.0% during the 2nd quarter. RS Crum Inc. now owns 22,974 shares of the iPhone maker’s stock worth $4,839,000 after purchasing an additional 8,343 shares during the last quarter. Scarborough Advisors LLC raised its holdings in shares of Apple by 2.9% in the 2nd quarter. Scarborough Advisors LLC now owns 15,969 shares of the iPhone maker’s stock worth $3,363,000 after purchasing an additional 450 shares during the period. Finally, WPWealth LLP lifted its stake in Apple by 0.5% in the second quarter. WPWealth LLP now owns 24,884 shares of the iPhone maker’s stock valued at $5,241,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Evercore ISI reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Raymond James increased their target price on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $261.00 price target on shares of Apple in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

Apple Trading Down 1.8 %

NASDAQ AAPL opened at $225.91 on Friday. The stock’s 50-day simple moving average is $227.26 and its two-hundred day simple moving average is $211.69. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the firm posted $1.26 EPS. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.22%.

Apple Company 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.