Apple Inc. (NASDAQ:AAPL) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,281 shares of the iPhone maker’s stock after selling 561 shares during the period. Apple makes up approximately 1.2% of American Financial Advisors LLC’s portfolio, making the stock its 23rd biggest position. American Financial Advisors LLC’s holdings in Apple were worth $8,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAPL. O Connor Financial Group LLC raised its stake in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. increased its holdings in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after purchasing an additional 45 shares during the period. Menard Financial Group LLC raised its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after buying an additional 48 shares during the period. Finally, Family Capital Management Inc. grew its position in Apple by 0.3% during the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock worth $4,235,000 after buying an additional 48 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock worth $40,818,720 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAPL shares. DA Davidson decreased their price objective on Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup reduced their price objective on shares of Apple from $275.00 to $245.00 and set a “buy” rating for the company in a report on Monday, April 14th. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. Tigress Financial increased their target price on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. Finally, UBS Group upped their price target on Apple to $236.00 and gave the company a “buy” rating in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.85.

Apple Stock Up 1.3 %

Shares of NASDAQ:AAPL opened at $196.79 on Monday. Apple Inc. has a 52 week low of $164.77 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a 50 day moving average price of $219.65 and a two-hundred day moving average price of $230.13. The company has a market capitalization of $2.96 trillion, a PE ratio of 31.24, a PEG ratio of 2.44 and a beta of 1.26.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 yield of 0.51%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.