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

Parker Financial LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,976 shares of the iPhone maker’s stock after selling 277 shares during the quarter. Apple makes up about 0.6% of Parker Financial LLC’s investment portfolio, making the stock its 22nd largest holding. Parker Financial LLC’s holdings in Apple were worth $1,048,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC raised its stake in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Apple during the first quarter valued at about $140,000. Hoese & Co LLP raised its stake in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares in the last quarter. Sage Financial Group Inc. bought a new stake in shares of Apple during the second quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC bought a new stake in shares of Apple during the second quarter valued at about $208,000. 60.41% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 in the last three months. 0.06% of the stock is owned by insiders.

Apple Trading Down 1.5 %

NASDAQ:AAPL opened at $230.10 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The stock’s 50-day moving average is $227.23 and its two-hundred day moving average is $211.59. The stock has a market cap of $3.53 trillion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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 business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. As a group, equities research analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAPL. Piper Sandler Companies restated a “neutral” rating and set a $225.00 price objective (up from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Barclays restated an “underweight” rating and set a $186.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Raymond James lifted their target price on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.91.

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.