Apple Inc. (NASDAQ:AAPL) Shares Sold by US Financial Advisors LLC

US Financial Advisors LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,680 shares of the iPhone maker’s stock after selling 856 shares during the period. Apple makes up about 1.0% of US Financial Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. US Financial Advisors LLC’s holdings in Apple were worth $3,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. David J Yvars Group boosted its position in Apple by 0.4% in the 3rd quarter. David J Yvars Group now owns 23,909 shares of the iPhone maker’s stock valued at $5,570,000 after buying an additional 93 shares during the last quarter. GGM Financials LLC boosted its position in Apple by 2.6% in the 3rd quarter. GGM Financials LLC now owns 7,324 shares of the iPhone maker’s stock valued at $1,707,000 after buying an additional 189 shares during the last quarter. Malaga Cove Capital LLC boosted its position in Apple by 0.6% in the 3rd quarter. Malaga Cove Capital LLC now owns 16,523 shares of the iPhone maker’s stock valued at $3,850,000 after buying an additional 103 shares during the last quarter. Ironsides Asset Advisors LLC boosted its position in Apple by 59.7% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 3,497 shares of the iPhone maker’s stock valued at $815,000 after buying an additional 1,307 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its position in shares of Apple by 1.3% during the third quarter. Walkner Condon Financial Advisors LLC now owns 58,059 shares of the iPhone maker’s stock worth $13,527,000 after purchasing an additional 742 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $236.85 on Friday. The firm’s 50-day moving average is $240.18 and its 200-day moving average is $230.10. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.58 trillion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is 16.45%.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Rosenblatt Securities raised their target price on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Insider Transactions at Apple

In other news, 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 directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly 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 disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

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.