Apple Inc. (NASDAQ:AAPL) Shares Sold by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,455 shares of the iPhone maker’s stock after selling 669 shares during the quarter. Apple accounts for about 1.6% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 10th largest holding. Eagle Wealth Strategies LLC’s holdings in Apple were worth $1,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Foresight Capital Management Advisors Inc. raised its holdings in Apple by 0.3% during the second quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after buying an additional 55 shares during the last quarter. Hoese & Co LLP raised its holdings in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the last quarter. Stableford Capital II LLC raised its holdings in Apple by 0.3% during the first quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after buying an additional 59 shares during the last quarter. Whitcomb & Hess Inc. raised its holdings in Apple by 1.7% during the second quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after buying an additional 59 shares during the last quarter. Finally, Kwmg LLC raised its holdings in Apple by 0.6% during the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock worth $1,825,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Down 2.8 %

Shares of AAPL opened at $216.32 on Tuesday. The firm’s 50 day simple moving average is $222.91 and its 200 day simple moving average is $199.00. The company has a market capitalization of $3.32 trillion, a P/E ratio of 33.64, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 over the last ninety days. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAPL. Raymond James upped their price objective on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Oppenheimer reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, September 10th. Evercore ISI reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a research note on Monday. Moffett Nathanson started coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

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.