RPg Family Wealth Advisory LLC Reduces Stock Holdings in Apple Inc. (NASDAQ:AAPL)

RPg Family Wealth Advisory LLC lessened its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,256 shares of the iPhone maker’s stock after selling 1,215 shares during the quarter. Apple makes up approximately 3.1% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 2nd biggest holding. RPg Family Wealth Advisory LLC’s holdings in Apple were worth $7,577,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. State Street Corp lifted its stake in Apple by 0.5% in the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after purchasing an additional 2,616,084 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after acquiring an additional 569,066,184 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Apple by 2.2% during the second quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock valued at $56,396,763,000 after acquiring an additional 6,367,053 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after buying an additional 7,736,013 shares during the period. Institutional investors own 58.51% of the company’s stock.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Piper Sandler reduced their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $225.00 price target on shares of Apple in a report on Friday, February 16th. The Goldman Sachs Group increased their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $205.27.

View Our Latest Research Report on Apple

Apple Price Performance

Apple stock opened at $170.73 on Friday. Apple Inc. has a 12-month low of $147.61 and a 12-month high of $199.62. The stock has a market cap of $2.64 trillion, a P/E ratio of 26.59, a PEG ratio of 2.04 and a beta of 1.29. The company has a 50-day moving average price of $184.64 and a 200 day moving average price of $183.60. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the business earned $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Apple Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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