Apple Inc. (NASDAQ:AAPL) Shares Sold by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,379 shares of the iPhone maker’s stock after selling 2,437 shares during the quarter. Apple comprises 1.8% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 14th biggest position. AAFMAA Wealth Management & Trust LLC’s holdings in Apple were worth $4,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AAPL. Bull Oak Capital LLC grew its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in Apple during the second quarter valued at approximately $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc boosted its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the third quarter valued at approximately $77,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 0.1 %

Shares of NASDAQ AAPL opened at $245.55 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a market cap of $3.69 trillion, a P/E ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $240.47 and a 200 day moving average price of $232.88.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Morgan Stanley set a $275.00 target price on Apple in a report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Finally, Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

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.