Apple Inc. (NASDAQ:AAPL) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,568 shares of the iPhone maker’s stock after selling 1,063 shares during the quarter. Apple makes up about 9.9% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Apple were worth $39,458,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. High Net Worth Advisory Group LLC increased its position in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the period. Amara Financial LLC. bought a new position in Apple during the third quarter worth about $288,000. Truist Financial Corp increased its position in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares during the period. Sterling Investment Counsel LLC increased its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares during the period. Finally, Silicon Valley Capital Partners increased its holdings in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Monday, March 3rd. DA Davidson set a $290.00 target price on shares of Apple in a report on Friday, January 31st. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Bank of America raised their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. 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 data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Stock Down 4.8 %

Apple stock opened at $227.48 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a 50 day moving average price of $237.06 and a two-hundred day moving average price of $234.16. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently 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.