Apple Inc. (NASDAQ:AAPL) Shares Sold by Howard Wealth Management LLC

Howard Wealth Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,438 shares of the iPhone maker’s stock after selling 895 shares during the quarter. Apple accounts for about 5.6% of Howard Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Howard Wealth Management LLC’s holdings in Apple were worth $7,043,000 as of its most recent SEC filing.

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

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’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 sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. 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 three months. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. Tigress Financial boosted their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Moffett Nathanson started coverage on Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Finally, Cfra boosted their price target on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.27.

Apple Stock Up 1.2 %

NASDAQ:AAPL opened at $235.00 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.60 trillion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24. The stock has a 50-day moving average price of $225.78 and a two-hundred day moving average price of $207.84.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during 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%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

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