Apple Inc. (NASDAQ:AAPL) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,254 shares of the iPhone maker’s stock after selling 5,467 shares during the quarter. Apple comprises 1.4% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Mayflower Financial Advisors LLC’s holdings in Apple were worth $18,248,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Lowery Thomas LLC lifted its holdings in shares of Apple by 0.7% in the 2nd quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock valued at $1,602,000 after buying an additional 50 shares during the period. Range Financial Group LLC lifted its holdings in shares of Apple by 3.9% in the 2nd quarter. Range Financial Group LLC now owns 6,542 shares of the iPhone maker’s stock valued at $1,378,000 after buying an additional 246 shares during the period. TD Asset Management Inc raised its holdings in Apple by 10.3% during the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after purchasing an additional 1,557,848 shares during the last quarter. Aberdeen Wealth Management LLC raised its holdings in Apple by 1.6% during the second quarter. Aberdeen Wealth Management LLC now owns 33,135 shares of the iPhone maker’s stock worth $6,979,000 after purchasing an additional 515 shares during the last quarter. Finally, Del Sette Capital Management LLC raised its holdings in Apple by 207.2% during the second quarter. Del Sette Capital Management LLC now owns 17,860 shares of the iPhone maker’s stock worth $3,762,000 after purchasing an additional 12,047 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Melius Research reaffirmed a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Tigress Financial lifted their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup reaffirmed a “buy” rating and set a $255.00 price objective on shares of Apple in a report on Wednesday, October 2nd. Barclays reaffirmed an “underweight” rating and set a $186.00 price objective on shares of Apple in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The shares were 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 directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $235.00 on Friday. The firm has a market capitalization of $3.60 trillion, a PE ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. 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 business has a 50-day moving average of $225.78 and a two-hundred day moving average of $208.11. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

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

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.