Apple Inc. (NASDAQ:AAPL) Shares Sold by Acima Private Wealth LLC

Acima Private Wealth LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,403 shares of the iPhone maker’s stock after selling 3,457 shares during the quarter. Apple accounts for 2.9% of Acima Private Wealth LLC’s investment portfolio, making the stock its 9th largest position. Acima Private Wealth LLC’s holdings in Apple were worth $7,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MayTech Global Investments LLC grew its holdings in shares of Apple by 3.7% during the 4th quarter. MayTech Global Investments LLC now owns 166,262 shares of the iPhone maker’s stock worth $32,010,000 after purchasing an additional 5,980 shares during the period. Cohen & Steers Inc. increased its stake in Apple by 6.8% in the fourth quarter. Cohen & Steers Inc. now owns 12,033 shares of the iPhone maker’s stock valued at $2,317,000 after purchasing an additional 763 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of Apple in the 4th quarter valued at about $470,614,000. Clear Street Markets LLC increased its stake in Apple by 100.6% in the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the period. Finally, Brevan Howard Capital Management LP raised its stake in shares of Apple by 553.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 48,608 shares of the iPhone maker’s stock worth $9,358,000 after purchasing an additional 41,169 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 price target (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Robert W. Baird upped their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Maxim Group restated a “hold” rating and set a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.27.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 over the last quarter. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.2 %

Shares of NASDAQ:AAPL opened at $229.04 on Friday. The firm has a market capitalization of $3.51 trillion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The firm has a fifty day moving average of $223.25 and a 200 day moving average of $205.14.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. As a group, research analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio is presently 15.55%.

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.