Wade Financial Advisory Inc Sells 1,199 Shares of Apple Inc. (NASDAQ:AAPL)

Wade Financial Advisory Inc lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,872 shares of the iPhone maker’s stock after selling 1,199 shares during the quarter. Apple makes up approximately 1.3% of Wade Financial Advisory Inc’s holdings, making the stock its 18th biggest holding. Wade Financial Advisory Inc’s holdings in Apple were worth $3,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Yeomans Consulting Group Inc. acquired a new position in Apple in the fourth quarter valued at approximately $1,713,000. Raleigh Capital Management Inc. raised its stake in shares of Apple by 11.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in Apple during the fourth quarter worth about $38,406,000. Barden Capital Management Inc. increased its holdings in shares of Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after purchasing an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC bought a new position in Apple in the 4th quarter valued at about $4,782,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’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 transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock worth $23,723,887 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $233.00 on Tuesday. The company’s fifty day moving average price is $222.37 and its 200-day moving average price is $202.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.66 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The firm’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 firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 yield of 0.43%. Apple’s payout ratio is 15.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Moffett Nathanson assumed coverage on shares of Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. UBS Group upped their price objective on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $238.76.

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.