Apple Inc. (NASDAQ:AAPL) Shares Sold by Activest Wealth Management

Activest Wealth Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,615 shares of the iPhone maker’s stock after selling 198 shares during the period. Apple accounts for approximately 9.1% of Activest Wealth Management’s holdings, making the stock its 2nd biggest position. Activest Wealth Management’s holdings in Apple were worth $29,268,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after acquiring an additional 7,558,826 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after acquiring an additional 5,566,250 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Apple during the 2nd quarter valued at $834,368,000. 67.73% of the stock is owned by institutional investors.

Insider Activity

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

Apple Stock Down 0.7 %

Shares of NASDAQ:AAPL opened at $237.62 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market cap of $3.57 trillion, a P/E ratio of 39.08, a P/E/G ratio of 2.19 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $241.37 and its two-hundred day moving average price is $230.81.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. As a group, research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Moffett Nathanson reissued a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on Apple from $265.00 to $260.00 in a report on Thursday. Raymond James raised their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.05.

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.