Apple Inc. (NASDAQ:AAPL) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,519 shares of the iPhone maker’s stock after selling 3,413 shares during the quarter. Apple accounts for 1.4% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 8th biggest holding. Legacy Wealth Asset Management LLC’s holdings in Apple were worth $5,138,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Scarborough Advisors LLC increased its stake in Apple by 2.9% during the 2nd quarter. Scarborough Advisors LLC now owns 15,969 shares of the iPhone maker’s stock worth $3,363,000 after acquiring an additional 450 shares during the period. RS Crum Inc. boosted its holdings in shares of Apple by 57.0% during the 2nd quarter. RS Crum Inc. now owns 22,974 shares of the iPhone maker’s stock valued at $4,839,000 after acquiring an additional 8,343 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Apple by 7.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 102,706 shares of the iPhone maker’s stock valued at $21,632,000 after acquiring an additional 6,689 shares in the last quarter. Hardin Capital Partners LLC acquired a new position in Apple during the 2nd quarter worth about $1,083,000. Finally, SYM FINANCIAL Corp lifted its holdings in Apple by 29.0% during the 2nd quarter. SYM FINANCIAL Corp now owns 26,931 shares of the iPhone maker’s stock worth $5,672,000 after buying an additional 6,060 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Moffett Nathanson restated a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. DA Davidson set a $290.00 price objective on Apple in a research note on Friday, January 31st. Finally, Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Apple Stock Up 1.9 %

AAPL opened at $241.76 on Friday. 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 company has a market cap of $3.63 trillion, a P/E ratio of 38.37, a P/E/G ratio of 2.44 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The business’s 50-day moving average price is $239.60 and its 200-day moving average price is $233.58.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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%. On average, equities analysts expect that Apple Inc. will post 7.28 EPS for the current 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 $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio is currently 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple 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.