Elwood & Goetz Wealth Advisory Group LLC Sells 1,097 Shares of Apple Inc. (NASDAQ:AAPL)

Elwood & Goetz Wealth Advisory Group LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 10.5% during the second quarter, HoldingsChannel.com reports. The firm owned 9,332 shares of the iPhone maker’s stock after selling 1,097 shares during the period. Apple accounts for 0.6% of Elwood & Goetz Wealth Advisory Group LLC’s portfolio, making the stock its 20th biggest position. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Apple were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. MayTech Global Investments LLC raised its stake 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 in the last quarter. Cohen & Steers Inc. grew its stake in shares of 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 buying an additional 763 shares in the last quarter. Coatue Management LLC acquired a new position in Apple during the fourth quarter worth $470,614,000. Clear Street Markets LLC raised its holdings in shares of Apple by 100.6% in the 4th 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 grew its holdings in 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 period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity 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 stock was 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 approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAPL shares. Robert W. Baird raised their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Morgan Stanley restated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Apple Price Performance

Shares of NASDAQ AAPL opened at $229.04 on Friday. The company has a market capitalization of $3.51 trillion, a PE ratio of 35.62, a P/E/G ratio of 2.66 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The firm has a fifty day simple moving average of $223.25 and a 200 day simple moving average of $205.14.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during 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%. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. On average, sell-side analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is presently 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.