Strengthening Families & Communities LLC Sells 25,439 Shares of Apple Inc. (NASDAQ:AAPL)

Strengthening Families & Communities LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 35.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,416 shares of the iPhone maker’s stock after selling 25,439 shares during the quarter. Apple accounts for approximately 3.5% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its largest holding. Strengthening Families & Communities LLC’s holdings in Apple were worth $5,900,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MKT Advisors LLC grew its stake in shares of Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares during the period. Silver Oak Advisory Group Inc. raised its position in Apple by 1.8% in the second quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock valued at $537,000 after purchasing an additional 69 shares during the period. 3D L Capital Management LLC lifted its stake in shares of Apple by 2.9% in the 1st quarter. 3D L Capital Management LLC now owns 2,445 shares of the iPhone maker’s stock valued at $427,000 after purchasing an additional 70 shares during the last quarter. Weik Capital Management grew its holdings in shares of Apple by 0.3% during the 1st quarter. Weik Capital Management now owns 25,238 shares of the iPhone maker’s stock worth $4,407,000 after purchasing an additional 70 shares during the period. Finally, Coyle Financial Counsel LLC lifted its position in Apple by 0.3% in the second quarter. Coyle Financial Counsel LLC now owns 26,125 shares of the iPhone maker’s stock valued at $3,572,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

In other news, CFO Luca Maestri sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $164.92, for a total transaction of $32,984.00. Following the transaction, the chief financial officer now directly owns 177,657 shares in the company, valued at $29,299,192.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Luca Maestri sold 200 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $164.92, for a total value of $32,984.00. Following the completion of the sale, the chief financial officer now directly owns 177,657 shares of the company’s stock, valued at $29,299,192.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre O’brien sold 43,622 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $165.41, for a total transaction of $7,215,515.02. Following the sale, the senior vice president now owns 136,444 shares of the company’s stock, valued at approximately $22,569,202.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,529 shares of company stock worth $71,703,657. 0.06% of the stock is owned by insiders.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $175.16 on Monday. The company has a fifty day simple moving average of $164.84 and a 200-day simple moving average of $150.62. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $176.39. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.56. The stock has a market cap of $2.76 trillion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.34 and a beta of 1.29.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Apple had a return on equity of 165.72% and a net margin of 24.49%. The company had revenue of $94.84 billion for the quarter, compared to analyst estimates of $92.84 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 5.99 EPS for the current fiscal year.

Apple declared that its board has initiated a share buyback plan on Thursday, May 4th that authorizes the company to repurchase $90.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were given a dividend of $0.24 per share. This is a positive change from Apple’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, May 12th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s payout ratio is 16.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAPL shares. Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Apple in a research note on Monday, April 17th. Evercore ISI reiterated an “outperform” rating and issued a $190.00 target price on shares of Apple in a report on Monday, February 6th. Robert W. Baird upped their price target on Apple from $170.00 to $180.00 in a research note on Tuesday, May 2nd. StockNews.com initiated coverage on Apple in a report on Thursday. They issued a “hold” rating on the stock. Finally, Monness Crespi & Hardt raised their target price on Apple from $174.00 to $188.00 and gave the company a “buy” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $174.74.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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