Apple Inc. (NASDAQ:AAPL) Shares Sold by Comprehensive Financial Consultants Institutional Inc.

Comprehensive Financial Consultants Institutional Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,565 shares of the iPhone maker’s stock after selling 1,955 shares during the period. Apple accounts for 2.7% of Comprehensive Financial Consultants Institutional Inc.’s holdings, making the stock its largest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Apple were worth $5,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc raised its position in Apple by 2.3% during the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after purchasing an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Apple by 0.9% during the first quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after buying an additional 2,421,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after buying an additional 7,736,013 shares during the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.8 %

AAPL opened at $168.22 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The firm has a market capitalization of $2.63 trillion, a PE ratio of 28.27, a P/E/G ratio of 2.31 and a beta of 1.28. The company’s 50-day moving average is $177.33 and its 200 day moving average is $178.97.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s dividend payout ratio is presently 16.13%.

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. TD Cowen boosted their target price on shares of Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Wedbush boosted their target price on shares of Apple from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 13th. Piper Sandler boosted their target price on shares of Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Citigroup reaffirmed a “buy” rating and set a $240.00 target price on shares of Apple in a research note on Friday, August 4th. Finally, StockNews.com began coverage on shares of Apple in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.40.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 31,685 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $178.69, for a total value of $5,661,792.65. Following the sale, the chief financial officer now owns 107,661 shares in the company, valued at approximately $19,237,944.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, CEO Timothy D. Cook sold 240,569 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Luca Maestri sold 31,685 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the completion of the sale, the chief financial officer now owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The disclosure for this sale can be found here. Insiders have sold 455,004 shares of company stock worth $79,238,767 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Company Profile

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.