Apple Inc. (NASDAQ:AAPL) Shares Sold by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,221 shares of the iPhone maker’s stock after selling 3,634 shares during the quarter. Apple accounts for about 2.5% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 5th biggest position. Beacon Financial Advisory LLC’s holdings in Apple were worth $7,274,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AAPL. Lantz Financial LLC lifted its position in Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after acquiring an additional 2,361 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Apple by 0.4% during the second quarter. 180 Wealth Advisors LLC now owns 107,737 shares of the iPhone maker’s stock worth $24,518,000 after buying an additional 452 shares during the last quarter. Salvus Wealth Management LLC boosted its position in Apple by 15.1% during the second quarter. Salvus Wealth Management LLC now owns 23,938 shares of the iPhone maker’s stock worth $5,042,000 after purchasing an additional 3,137 shares during the period. Capital Wealth Management LLC raised its holdings in Apple by 96.9% in the 2nd quarter. Capital Wealth Management LLC now owns 2,894 shares of the iPhone maker’s stock valued at $610,000 after acquiring an additional 1,424 shares during the period. Finally, Breed s Hill Capital LLC boosted its stake in Apple by 1.0% in the 2nd quarter. Breed s Hill Capital LLC now owns 26,540 shares of the iPhone maker’s stock valued at $5,590,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AAPL shares. Loop Capital lowered their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Wedbush upped their price objective on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, December 26th. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday. Finally, Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and lifted their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $237.64.

Apple Trading Up 0.2 %

NASDAQ AAPL opened at $242.70 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company’s 50-day moving average price is $239.91 and its 200-day moving average price is $229.75. The stock has a market cap of $3.67 trillion, a PE ratio of 39.92, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. Equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

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.