Apple Inc. (NASDAQ:AAPL) Shares Sold by Livelsberger Financial Advisory

Livelsberger Financial Advisory decreased its position in Apple Inc. (NASDAQ:AAPL) by 59.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,725 shares of the iPhone maker’s stock after selling 2,489 shares during the period. Apple accounts for about 3.8% of Livelsberger Financial Advisory’s portfolio, making the stock its 8th largest holding. Livelsberger Financial Advisory’s holdings in Apple were worth $322,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Flagstone Financial Management increased its stake in shares of Apple by 0.9% in the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 56 shares during the period. Stableford Capital II LLC grew its holdings in Apple by 0.3% during the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after acquiring an additional 59 shares during the last quarter. Kwmg LLC grew its holdings in Apple by 0.6% during the 1st quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock worth $1,825,000 after acquiring an additional 60 shares during the last quarter. Greylin Investment Management Inc increased its position in Apple by 0.4% in the 1st quarter. Greylin Investment Management Inc now owns 16,711 shares of the iPhone maker’s stock valued at $2,866,000 after acquiring an additional 61 shares during the period. Finally, Ruedi Wealth Management Inc. raised its stake in shares of Apple by 0.3% during the first quarter. Ruedi Wealth Management Inc. now owns 20,036 shares of the iPhone maker’s stock valued at $3,436,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.8 %

Shares of NASDAQ AAPL opened at $224.53 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The firm has a market capitalization of $3.44 trillion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.60 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average of $220.03 and a 200-day moving average of $194.13.

Apple (NASDAQ:AAPL) last posted 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 firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 145.35%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. Sell-side analysts expect that Apple Inc. will post 6.61 earnings per share for the current fiscal year.

Apple Announces Dividend

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 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Apple declared that its board has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

AAPL has been the topic of several analyst reports. Melius Research increased their price objective on Apple from $227.00 to $260.00 and gave the company a “buy” rating in a report on Monday, June 24th. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird raised their price objective on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Maxim Group increased their target price on shares of Apple from $195.00 to $203.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein raised their price target on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.63.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the transaction, the director now owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,884 shares of company stock valued at $38,092,387. Corporate insiders own 0.06% of the company’s stock.

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.