Apple Inc. (NASDAQ:AAPL) Shares Sold by William Howard & Co Financial Advisors Inc

William Howard & Co Financial Advisors Inc reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,872 shares of the iPhone maker’s stock after selling 886 shares during the period. Apple accounts for about 1.7% of William Howard & Co Financial Advisors Inc’s portfolio, making the stock its 11th largest holding. William Howard & Co Financial Advisors Inc’s holdings in Apple were worth $1,869,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacifica Partners Inc. grew its holdings in shares of Apple by 8.4% during the first quarter. Pacifica Partners Inc. now owns 62,999 shares of the iPhone maker’s stock worth $10,755,000 after buying an additional 4,894 shares in the last quarter. Perkins Coie Trust Co lifted its stake in shares of Apple by 0.7% in the first quarter. Perkins Coie Trust Co now owns 100,853 shares of the iPhone maker’s stock worth $17,294,000 after buying an additional 741 shares in the last quarter. Doliver Advisors LP boosted its position in Apple by 5.0% during the first quarter. Doliver Advisors LP now owns 25,688 shares of the iPhone maker’s stock worth $4,405,000 after acquiring an additional 1,222 shares during the last quarter. Whitaker Myers Wealth Managers LTD. grew its stake in Apple by 20.5% during the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 14,097 shares of the iPhone maker’s stock valued at $2,417,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Capital Planning LLC raised its holdings in Apple by 9.0% in the 1st quarter. Capital Planning LLC now owns 23,866 shares of the iPhone maker’s stock valued at $4,092,000 after acquiring an additional 1,966 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Tigress Financial boosted their target price on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Cfra upped their target price on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Barclays reaffirmed an “underweight” rating and issued a $186.00 target price on shares of Apple in a research note on Tuesday, October 1st. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Finally, Citigroup lifted their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.91.

Apple Trading Up 0.4 %

Shares of NASDAQ:AAPL opened at $231.41 on Monday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company’s 50 day moving average is $226.86 and its two-hundred day moving average is $210.64. The company has a market cap of $3.55 trillion, a PE ratio of 35.99, a P/E/G 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 (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Equities analysts predict that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is currently 15.55%.

Apple 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.