Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,334 shares of the iPhone maker’s stock after selling 7,916 shares during the period. Apple makes up 10.4% of SOA Wealth Advisors LLC.’s portfolio, making the stock its 2nd largest holding. SOA Wealth Advisors LLC.’s holdings in Apple were worth $51,883,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in Apple during the 1st quarter valued at $35,000. A.P. Gilfoyle & Co. L.P. bought a new position in Apple during the fourth quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period. Clarity Asset Management Inc. bought a new stake in shares of Apple in the 4th quarter worth about $85,000. Finally, Clear Street Markets LLC lifted 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 worth $93,000 after acquiring an additional 83,965 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Tuesday. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $230.00 in a research note on Tuesday, June 11th. Evercore ISI reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research note on Tuesday, August 27th. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Citigroup reiterated a “buy” rating and issued a $255.00 target price on shares of Apple in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $238.62.

Insider Activity

In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Chris Kondo sold 5,178 shares of the 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 transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 0.0 %

Shares of NASDAQ:AAPL opened at $222.77 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market capitalization of $3.42 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.60 and a beta of 1.24. The business’s 50-day moving average is $223.22 and its 200 day moving average is $198.23. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) 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 the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, research analysts predict that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid 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 payout ratio is currently 15.55%.

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.