CFO4Life Group LLC Sells 2,575 Shares of Apple Inc. (NASDAQ:AAPL)

CFO4Life Group LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,232 shares of the iPhone maker’s stock after selling 2,575 shares during the quarter. Apple comprises 5.4% of CFO4Life Group LLC’s portfolio, making the stock its 4th biggest holding. CFO4Life Group LLC’s holdings in Apple were worth $23,324,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Atlantic Private Wealth LLC acquired a new stake in Apple in the first quarter worth about $30,000. Cheyne Capital Management UK LLP increased its position in Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares during the period. West Tower Group LLC acquired a new stake in Apple in the second quarter worth about $64,000. HBC Financial Services PLLC increased its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Finally, Clear Perspectives Financial Planning LLC grew its position in shares of Apple by 27.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after buying an additional 211 shares during the period. 58.51% of the stock is owned by institutional investors.

Apple Stock Up 0.4 %

AAPL stock opened at $188.85 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.92 trillion, a PE ratio of 29.42, a PEG ratio of 2.27 and a beta of 1.31. Apple Inc. has a 1-year low of $143.90 and a 1-year high of $199.62. The business’s 50 day simple moving average is $190.51 and its 200 day simple moving average is $184.12.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 6.56 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 5,513 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the sale, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Chris Kondo sold 5,513 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the sale, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on Apple from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. The Goldman Sachs Group boosted their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Tigress Financial boosted their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.72.

Get Our Latest Stock Report on AAPL

About Apple

(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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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