Apple Inc. (NASDAQ:AAPL) Shares Sold by Peterson Wealth Management

Peterson Wealth Management lessened its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 44.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,791 shares of the iPhone maker’s stock after selling 4,567 shares during the period. Apple makes up 1.0% of Peterson Wealth Management’s portfolio, making the stock its 26th largest position. Peterson Wealth Management’s holdings in Apple were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CFS Investment Advisory Services LLC boosted its holdings in Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares in the last quarter. Spence Asset Management purchased a new stake in Apple in the 2nd quarter valued at approximately $49,000. HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Emerson Wealth LLC boosted its holdings in Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 320 shares in the last quarter. Finally, Darrow Company Inc. purchased a new stake in shares of Apple during the 2nd quarter worth approximately $107,000. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Trading Up 0.4 %

AAPL stock opened at $151.29 on Monday. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The business has a fifty day simple moving average of $147.08 and a 200-day simple moving average of $149.77. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the prior year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 6.26 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAPL. Rosenblatt Securities reissued a “buy” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, November 8th. set a $175.00 price target on Apple in a research note on Friday, July 29th. Morgan Stanley decreased their price target on Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 8th. Bank of America decreased their price target on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $139.00 price target on shares of Apple in a research note on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. In the last three months, insiders sold 360,651 shares of company stock worth $53,703,645. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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