True Wealth Design LLC Sells 3,591 Shares of Apple Inc. (NASDAQ:AAPL)

True Wealth Design LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 36.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,229 shares of the iPhone maker’s stock after selling 3,591 shares during the period. Apple accounts for 0.6% of True Wealth Design LLC’s investment portfolio, making the stock its 15th largest position. True Wealth Design LLC’s holdings in Apple were worth $1,451,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Apple by 20,372.7% during 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 acquiring an additional 93,886,664 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Apple by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock worth $21,335,435,000 after purchasing an additional 1,742,087 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Apple by 1.9% in the third quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock worth $13,657,308,000 after purchasing an additional 1,112,033 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

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

Apple Price Performance

Shares of NASDAQ AAPL opened at $227.63 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company’s 50-day moving average is $241.45 and its 200 day moving average is $230.97. The stock has a market capitalization of $3.42 trillion, a P/E ratio of 36.13, a P/E/G ratio of 2.36 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts expect that Apple Inc. will post 7.33 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. Barclays boosted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and reduced their target price for the company from $211.84 to $200.75 in a research note on Thursday, January 30th. Raymond James lifted their price target on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Morgan Stanley upped their price objective on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.52.

About Apple

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.