Eagle Strategies LLC Sells 32,441 Shares of Apple Inc. (NASDAQ:AAPL)

Eagle Strategies LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 46.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,631 shares of the iPhone maker’s stock after selling 32,441 shares during the period. Apple accounts for about 1.5% of Eagle Strategies LLC’s investment portfolio, making the stock its 19th largest position. Eagle Strategies LLC’s holdings in Apple were worth $7,926,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC increased its stake in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. Access Investment Management LLC purchased a new stake in Apple during the first quarter valued at approximately $140,000. Hoese & Co LLP boosted its holdings in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in shares of Apple during the 2nd quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple during the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $233.67 on Wednesday. The company has a fifty day simple moving average of $227.15 and a 200-day simple moving average of $211.46. The stock has a market cap of $3.58 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month 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.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, equities analysts forecast that Apple Inc. will post 6.65 EPS for the current fiscal 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. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. UBS Group reissued a “hold” rating and issued a $236.00 price objective on shares of Apple in a research report on Wednesday, October 16th. Loop Capital lifted their target price on Apple to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Moffett Nathanson assumed coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Finally, Bank of America reissued a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

Insider Activity at Apple

In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated 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 owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 over the last 90 days. Company insiders own 0.06% of the company’s stock.

About Apple

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.