Apple Inc. (NASDAQ:AAPL) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,768 shares of the iPhone maker’s stock after selling 3,094 shares during the quarter. Apple accounts for approximately 2.4% of Strategy Asset Managers LLC’s holdings, making the stock its 6th biggest position. Strategy Asset Managers LLC’s holdings in Apple were worth $11,981,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Fidelis Capital Partners LLC raised its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the last quarter. Access Investment Management LLC acquired a new position in Apple during the 1st quarter valued at $140,000. Hoese & Co LLP raised its stake in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Benchmark Wealth Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at $208,000. Finally, Compass Financial Group Inc. acquired a new position in shares of Apple in the 1st quarter valued at $210,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Citigroup restated a “buy” rating and issued a $255.00 price objective on shares of Apple in a research note on Wednesday, October 2nd. Robert W. Baird increased their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Cfra increased their price objective on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Bank of America restated a “buy” rating and issued a $256.00 price objective on shares of Apple in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Stock Up 1.2 %

Shares of NASDAQ AAPL opened at $235.00 on Friday. The firm has a market capitalization of $3.60 trillion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm’s 50-day moving average is $225.78 and its 200-day moving average is $207.84.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Equities analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by insiders.

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.