Apple Inc. (NASDAQ:AAPL) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,696 shares of the iPhone maker’s stock after selling 2,558 shares during the quarter. Apple comprises 7.2% of Weatherly Asset Management L. P.’s holdings, making the stock its 2nd largest holding. Weatherly Asset Management L. P.’s holdings in Apple were worth $78,287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAPL. Madison Wealth Partners Inc increased its holdings in Apple by 19.7% during the 4th quarter. Madison Wealth Partners Inc now owns 35,415 shares of the iPhone maker’s stock worth $6,818,000 after purchasing an additional 5,820 shares in the last quarter. Taylor Financial Group Inc. purchased a new stake in Apple in the 4th quarter valued at $3,660,000. Covenant Partners LLC lifted its stake in Apple by 33.0% during the 4th quarter. Covenant Partners LLC now owns 21,090 shares of the iPhone maker’s stock valued at $4,060,000 after acquiring an additional 5,234 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in Apple during the 4th quarter worth $1,511,000. Finally, Sunpointe LLC bought a new stake in shares of Apple in the 4th quarter worth $4,782,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated 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 approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock worth $114,786,399 in the last quarter. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Thursday, September 19th. Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Sanford C. Bernstein boosted their price target on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, Tigress Financial raised their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.27.

Apple Trading Down 0.7 %

Shares of AAPL opened at $227.55 on Friday. 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 1-year low of $164.07 and a 1-year high of $237.23. The company has a market capitalization of $3.49 trillion, a P/E ratio of 35.39, a P/E/G ratio of 2.40 and a beta of 1.24. The firm’s 50 day simple moving average is $223.62 and its 200 day simple moving average is $205.95.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

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.