Apple Inc. (NASDAQ:AAPL) is Moser Wealth Advisors LLC’s 3rd Largest Position

Moser Wealth Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.2% in the second quarter, HoldingsChannel reports. The firm owned 65,742 shares of the iPhone maker’s stock after selling 2,895 shares during the quarter. Apple makes up approximately 7.5% of Moser Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Moser Wealth Advisors LLC’s holdings in Apple were worth $13,847,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC lifted its stake in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares during the period. Gentry Private Wealth LLC purchased a new stake in Apple in the second quarter valued at approximately $876,000. WT Asset Management Ltd acquired a new stake in shares of Apple during the 2nd quarter worth $80,057,000. Councilmark Asset Management LLC acquired a new position in Apple in the first quarter valued at $11,776,000. Finally, TD Asset Management Inc grew its position 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 valued at $3,526,874,000 after acquiring an additional 1,557,848 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 0.4 %

Shares of AAPL stock opened at $231.41 on Friday. The stock has a 50-day simple moving average of $226.75 and a 200 day simple moving average of $209.62. The stock has a market capitalization of $3.55 trillion, a P/E ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis 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%.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on 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 in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction 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 $736,269,202.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on 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 transaction, the senior vice president now owns 191,543 shares in the company, 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 have sold 517,924 shares of company stock valued at $114,786,399 over the last three months. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Oppenheimer reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Loop Capital raised their price target on shares of Apple to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Raymond James boosted their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. New Street Research reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.91.

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.