Apple Inc. (NASDAQ:AAPL) Shares Sold by Collective Family Office LLC

Collective Family Office LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,305 shares of the iPhone maker’s stock after selling 87 shares during the period. Apple accounts for 1.1% of Collective Family Office LLC’s investment portfolio, making the stock its 27th largest holding. Collective Family Office LLC’s holdings in Apple were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Innova Wealth Partners lifted its position in Apple by 303.8% in the fourth quarter. Innova Wealth Partners now owns 10,106 shares of the iPhone maker’s stock valued at $2,531,000 after acquiring an additional 7,603 shares during the last quarter. McAlister Sweet & Associates Inc. increased its position in shares of Apple by 1.3% during the fourth quarter. McAlister Sweet & Associates Inc. now owns 30,870 shares of the iPhone maker’s stock worth $7,731,000 after purchasing an additional 393 shares in the last quarter. Legend Financial Advisors Inc. increased its position in shares of Apple by 0.9% during the fourth quarter. Legend Financial Advisors Inc. now owns 7,982 shares of the iPhone maker’s stock worth $1,999,000 after purchasing an additional 71 shares in the last quarter. Range Financial Group LLC lifted its holdings in shares of Apple by 66.3% in the 4th quarter. Range Financial Group LLC now owns 7,912 shares of the iPhone maker’s stock valued at $1,981,000 after purchasing an additional 3,153 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Apple in the 4th quarter valued at about $2,452,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 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. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.1 %

Apple stock opened at $244.47 on Wednesday. The company has a market cap of $3.67 trillion, a price-to-earnings ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. The firm has a 50-day moving average of $240.66 and a 200-day moving average of $231.94. 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 one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI lifted their target price on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.