Eads & Heald Wealth Management Sells 1,072 Shares of Apple Inc. (NASDAQ:AAPL)

Eads & Heald Wealth Management decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,415 shares of the iPhone maker’s stock after selling 1,072 shares during the quarter. Apple accounts for about 1.7% of Eads & Heald Wealth Management’s portfolio, making the stock its 5th largest holding. Eads & Heald Wealth Management’s holdings in Apple were worth $3,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Americana Partners LLC increased its holdings in shares of Apple by 8.8% during the third quarter. Americana Partners LLC now owns 186,062 shares of the iPhone maker’s stock worth $43,353,000 after purchasing an additional 15,079 shares during the period. Gladstone Institutional Advisory LLC grew its position in Apple by 10.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 238,905 shares of the iPhone maker’s stock worth $55,665,000 after buying an additional 23,344 shares in the last quarter. Shepherd Financial Partners LLC increased its stake in Apple by 2.1% during the 3rd quarter. Shepherd Financial Partners LLC now owns 121,519 shares of the iPhone maker’s stock worth $28,314,000 after acquiring an additional 2,492 shares during the period. Fonville Wealth Management LLC raised its holdings in Apple by 7.3% in the 3rd quarter. Fonville Wealth Management LLC now owns 23,475 shares of the iPhone maker’s stock valued at $5,470,000 after acquiring an additional 1,591 shares in the last quarter. Finally, W Advisors LLC lifted its position in shares of Apple by 0.5% during the 3rd quarter. W Advisors LLC now owns 38,336 shares of the iPhone maker’s stock valued at $8,932,000 after acquiring an additional 185 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.2 %

Shares of AAPL stock opened at $243.36 on Friday. The company has a market cap of $3.68 trillion, a P/E ratio of 40.03, a PEG ratio of 2.41 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The stock has a 50 day simple moving average of $238.68 and a two-hundred day simple moving average of $228.69. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAPL shares. Barclays decreased their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Piper Sandler reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $238.03.

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.