Apple Inc. (NASDAQ:AAPL) Stock Position Cut by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,630 shares of the iPhone maker’s stock after selling 1,864 shares during the quarter. Apple accounts for 3.8% of 180 Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position. 180 Wealth Advisors LLC’s holdings in Apple were worth $14,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new stake in Apple in the fourth quarter worth approximately $25,228,507,000. Aaron Wealth Advisors LLC boosted its stake in shares of Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after acquiring an additional 25,989,570 shares during the last quarter. State Street Corp boosted its stake in shares of Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after acquiring an additional 10,951,705 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Apple by 31.7% during the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after acquiring an additional 9,354,484 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Price Performance

Apple stock opened at $156.90 on Wednesday. The stock has a market cap of $2.52 trillion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm has a 50-day moving average of $159.84 and a two-hundred day moving average of $155.88.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. On average, research analysts forecast that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.59%. Apple’s dividend payout ratio (DPR) is 15.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAPL shares. Citigroup lifted their price target on shares of Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Itaú Unibanco started coverage on shares of Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. Itau BBA Securities initiated coverage on shares of Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. Credit Suisse Group set a $201.00 price objective on shares of Apple in a research report on Thursday, September 8th. Finally, Loop Capital decreased their price objective on shares of Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.68.

Insider Buying and Selling at Apple

In other news, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

About Apple

(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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