Beacon Financial Planning Inc. Sells 125 Shares of Apple Inc. (NASDAQ:AAPL)

Beacon Financial Planning Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,845 shares of the iPhone maker’s stock after selling 125 shares during the period. Apple makes up about 0.8% of Beacon Financial Planning Inc.’s portfolio, making the stock its 18th largest position. Beacon Financial Planning Inc.’s holdings in Apple were worth $1,231,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AAPL. Christopher J. Hasenberg Inc acquired a new stake in Apple in the 1st quarter valued at about $35,000. Fidelis Capital Partners LLC increased its holdings 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 worth $35,000 after purchasing an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new position in Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. increased its stake in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in Apple in the fourth quarter valued at approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $216.32 on Tuesday. 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 one year low of $164.07 and a one year high of $237.23. The company’s fifty day moving average price is $222.91 and its 200-day moving average price is $199.00. The firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the company posted $1.26 EPS. Apple’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio is presently 15.55%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Barclays decreased their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Oppenheimer reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, September 10th. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price objective (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Finally, Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction 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 approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by insiders.

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.