Apple Inc. (NASDAQ:AAPL) Holdings Lessened by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,750 shares of the iPhone maker’s stock after selling 160 shares during the period. Apple comprises about 3.0% of Redwood Wealth Management Group LLC’s holdings, making the stock its 3rd largest position. Redwood Wealth Management Group LLC’s holdings in Apple were worth $3,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tlwm increased its stake in Apple by 15.3% in the first quarter. Tlwm now owns 15,708 shares of the iPhone maker’s stock valued at $2,694,000 after purchasing an additional 2,083 shares during the period. Thrive Wealth Management LLC grew its holdings in shares of Apple by 1.3% during the first quarter. Thrive Wealth Management LLC now owns 43,669 shares of the iPhone maker’s stock worth $7,488,000 after buying an additional 563 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Apple by 1.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 107,285 shares of the iPhone maker’s stock valued at $18,397,000 after acquiring an additional 1,803 shares during the period. Stokes Capital Advisors LLC raised its stake in Apple by 4.0% during the 1st quarter. Stokes Capital Advisors LLC now owns 49,740 shares of the iPhone maker’s stock valued at $8,529,000 after acquiring an additional 1,896 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its position in Apple by 2.7% during the 1st quarter. Hengehold Capital Management LLC now owns 25,630 shares of the iPhone maker’s stock worth $4,395,000 after acquiring an additional 664 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAPL shares. Loop Capital boosted their target price on Apple to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Raymond James boosted their price target on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Citigroup increased their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.23.

Apple Stock Performance

Apple stock opened at $222.91 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.45 and a beta of 1.24. The stock has a fifty day moving average of $227.18 and a two-hundred day moving average of $212.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.15. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 6.6 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio is presently 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.