Apple Inc. (NASDAQ:AAPL) Shares Sold by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,129 shares of the iPhone maker’s stock after selling 236 shares during the period. Apple makes up approximately 3.6% of Worth Financial Advisory Group LLC’s investment portfolio, making the stock its 4th largest holding. Worth Financial Advisory Group LLC’s holdings in Apple were worth $5,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Shared Vision Wealth Group LLC acquired a new position in shares of Apple in the 4th quarter valued at about $33,300,000. Pacific Sun Financial Corp raised its position in Apple by 0.3% during the fourth quarter. Pacific Sun Financial Corp now owns 40,580 shares of the iPhone maker’s stock valued at $7,813,000 after acquiring an additional 114 shares in the last quarter. Marshall Financial Group Inc. ADV lifted its holdings in Apple by 5.0% in the fourth quarter. Marshall Financial Group Inc. ADV now owns 7,311 shares of the iPhone maker’s stock valued at $1,408,000 after acquiring an additional 349 shares during the period. Moran Wealth Management LLC boosted its position in Apple by 5.9% in the 4th quarter. Moran Wealth Management LLC now owns 29,062 shares of the iPhone maker’s stock worth $5,595,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Quotient Wealth Partners LLC purchased a new stake in Apple in the 4th quarter worth approximately $15,684,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on 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 owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold a total of 458,619 shares of company stock valued at $101,352,630 over the last quarter. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.5 %

Shares of AAPL stock opened at $225.67 on Friday. 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 Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The company’s 50-day moving average price is $222.72 and its 200-day moving average price is $203.50. The stock has a market cap of $3.46 trillion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results 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 company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. As a group, equities analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 15.55%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AAPL. Sanford C. Bernstein boosted their target price on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Moffett Nathanson began coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a research note on Tuesday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, Citigroup reiterated a “buy” rating and set a $255.00 price target on shares of Apple in a research report on Wednesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $238.76.

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.