Apple Inc. (NASDAQ:AAPL) Shares Sold by Core Wealth Partners LLC

Core Wealth Partners LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 64.2% during the first quarter, Holdings reports. The fund owned 45,307 shares of the iPhone maker’s stock after selling 81,236 shares during the period. Apple comprises approximately 7.5% of Core Wealth Partners LLC’s holdings, making the stock its 2nd biggest position. Core Wealth Partners LLC’s holdings in Apple were worth $7,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Peninsula Wealth LLC raised its position in Apple by 0.8% during the first quarter. Peninsula Wealth LLC now owns 63,128 shares of the iPhone maker’s stock worth $10,410,000 after acquiring an additional 520 shares during the period. Taylor Hoffman Wealth Management raised its position in shares of Apple by 1.8% during the 1st quarter. Taylor Hoffman Wealth Management now owns 101,229 shares of the iPhone maker’s stock worth $16,693,000 after purchasing an additional 1,801 shares during the last quarter. Gruss & Co. LLC lifted its stake in Apple by 83.3% in the 1st quarter. Gruss & Co. LLC now owns 7,700 shares of the iPhone maker’s stock valued at $1,270,000 after buying an additional 3,500 shares in the last quarter. ProShare Advisors LLC increased its stake in Apple by 10.5% during the 1st quarter. ProShare Advisors LLC now owns 11,038,828 shares of the iPhone maker’s stock worth $1,820,303,000 after buying an additional 1,050,291 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Apple during the first quarter valued at approximately $2,328,000. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $177.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $186.57 and its 200-day simple moving average is $174.09. The firm has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 29.84, a PEG ratio of 2.76 and a beta of 1.27. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $198.23.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same period in the previous year, the business earned $1.20 EPS. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 0.54%. Apple’s payout ratio is currently 16.13%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson lowered Apple from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $193.00 to $185.00 in a report on Monday, June 5th. Credit Suisse Group boosted their price target on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. UBS Group downgraded shares of Apple from a “buy” rating to a “neutral” rating and increased their price objective for the company from $180.00 to $190.00 in a report on Monday, June 12th. Rosenblatt Securities cut Apple from a “buy” rating to a “neutral” rating and set a $198.00 target price on the stock. in a report on Friday, August 4th. Finally, Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Monday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.86.

View Our Latest Research 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.

See Also

Want to see what other hedge funds are holding AAPL? Visit to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with's FREE daily email newsletter.