Apple Inc. (NASDAQ:AAPL) Shares Sold by Lifeworks Advisors LLC

Lifeworks Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,014 shares of the iPhone maker’s stock after selling 1,440 shares during the period. Apple comprises approximately 1.2% of Lifeworks Advisors LLC’s holdings, making the stock its 21st biggest holding. Lifeworks Advisors LLC’s holdings in Apple were worth $6,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Lantz Financial LLC grew its stake in Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after acquiring an additional 2,361 shares during the period. Madison Park Capital Advisors LLC grew its stake in shares of Apple by 1.1% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 13,017 shares of the iPhone maker’s stock valued at $2,742,000 after buying an additional 143 shares during the period. American National Bank grew its stake in shares of Apple by 2.2% during the 2nd quarter. American National Bank now owns 196,470 shares of the iPhone maker’s stock valued at $41,381,000 after buying an additional 4,225 shares during the period. Moss Adams Wealth Advisors LLC grew its stake in shares of Apple by 1.3% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 67,476 shares of the iPhone maker’s stock valued at $14,212,000 after buying an additional 869 shares during the period. Finally, Traphagen Investment Advisors LLC grew its stake in shares of Apple by 0.4% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 89,284 shares of the iPhone maker’s stock valued at $18,805,000 after buying an additional 365 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $223.83 on Thursday. The firm has a market cap of $3.37 trillion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20. The firm’s 50-day simple moving average is $241.09 and its 200-day simple moving average is $230.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. New Street Research reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. Piper Sandler reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a report on Tuesday. Finally, Jefferies Financial Group lowered shares of Apple from a “hold” rating to an “underperform” rating and reduced their target price for the company from $211.84 to $200.75 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.99.

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.