US Financial Advisors LLC Sells 856 Shares of Apple Inc. (NASDAQ:AAPL)

US Financial Advisors LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 5.9% in the 3rd quarter, Holdings Channel reports. The firm owned 13,680 shares of the iPhone maker’s stock after selling 856 shares during the period. Apple accounts for approximately 1.0% of US Financial Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. US Financial Advisors LLC’s holdings in Apple were worth $3,187,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth $42,000. 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 worth $69,000 after purchasing an additional 144 shares during the last quarter. Cordant Inc. boosted its holdings in Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Finally, EMC Capital Management boosted its holdings in Apple by 7.3% during the third quarter. EMC Capital Management now owns 892 shares of the iPhone maker’s stock worth $201,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $236.85 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The firm has a market cap of $3.58 trillion, a price-to-earnings ratio of 38.96, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s 50-day simple moving average is $240.18 and its 200 day simple moving average is $230.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the firm earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Piper Sandler restated a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. UBS Group restated a “neutral” rating and set a $236.00 target price on shares of Apple in a report on Monday, December 2nd. Loop Capital reduced their target price on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Evercore ISI restated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.