AA Financial Advisors LLC Sells 2,302 Shares of Apple Inc. (NASDAQ:AAPL)

AA Financial Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,798 shares of the iPhone maker’s stock after selling 2,302 shares during the quarter. Apple comprises approximately 1.3% of AA Financial Advisors LLC’s portfolio, making the stock its 25th biggest position. AA Financial Advisors LLC’s holdings in Apple were worth $4,613,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AAPL. Alta Wealth Advisors LLC boosted its position in Apple by 6.3% in the third quarter. Alta Wealth Advisors LLC now owns 38,139 shares of the iPhone maker’s stock worth $8,886,000 after purchasing an additional 2,269 shares during the last quarter. KFA Private Wealth Group LLC boosted its position in Apple by 3.5% in the third quarter. KFA Private Wealth Group LLC now owns 15,381 shares of the iPhone maker’s stock worth $3,584,000 after purchasing an additional 522 shares during the last quarter. Etesian Wealth Advisors Inc. boosted its position in Apple by 2.4% in the third quarter. Etesian Wealth Advisors Inc. now owns 34,243 shares of the iPhone maker’s stock worth $7,979,000 after purchasing an additional 796 shares during the last quarter. Integris Wealth Management LLC boosted its position in Apple by 1.4% in the third quarter. Integris Wealth Management LLC now owns 40,183 shares of the iPhone maker’s stock worth $9,363,000 after purchasing an additional 570 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its position in Apple by 0.8% in the third quarter. Key Client Fiduciary Advisors LLC now owns 51,708 shares of the iPhone maker’s stock worth $12,048,000 after purchasing an additional 418 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last quarter. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AAPL shares. Rosenblatt Securities raised their target price on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson dropped their target price on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. UBS Group reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. New Street Research reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Finally, Maxim Group lifted their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.78.

Apple Stock Performance

NASDAQ AAPL opened at $248.13 on Friday. The company has a market cap of $3.75 trillion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $232.50 and its 200-day moving average price is $223.41. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $250.80.

Apple (NASDAQ:AAPL) last released its earnings results 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 firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’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 company posted $1.46 EPS. Sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.