Lauterbach Financial Advisors LLC Sells 47 Shares of Apple Inc. (NASDAQ:AAPL)

Lauterbach Financial Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% in the second quarter, HoldingsChannel reports. The fund owned 9,817 shares of the iPhone maker’s stock after selling 47 shares during the period. Apple makes up about 1.4% of Lauterbach Financial Advisors LLC’s portfolio, making the stock its 12th biggest position. Lauterbach Financial Advisors LLC’s holdings in Apple were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC grew its position in shares of Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after buying an additional 19,352 shares during the last quarter. Gentry Private Wealth LLC purchased a new position in shares of Apple during the 2nd quarter worth approximately $876,000. Independent Advisor Alliance raised its position in shares of Apple by 0.9% in the 2nd quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock worth $193,926,000 after acquiring an additional 8,028 shares in the last quarter. WT Asset Management Ltd purchased a new position in shares of Apple in the 2nd quarter valued at approximately $80,057,000. Finally, TD Asset Management Inc lifted its stake in shares of Apple by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock valued at $3,526,874,000 after purchasing an additional 1,557,848 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,746 shares of company stock valued at $93,021,362. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of research reports. Barclays decreased their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Melius Research reiterated a “buy” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. 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. Loop Capital decreased their target price on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday. Finally, Rosenblatt Securities lifted their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $227.48 on Friday. The stock has a market cap of $3.44 trillion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a fifty day moving average price of $226.91 and a 200-day moving average price of $213.51. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.