USAdvisors Wealth Management LLC Sells 565 Shares of Apple Inc. (NASDAQ:AAPL)

USAdvisors Wealth Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,242 shares of the iPhone maker’s stock after selling 565 shares during the period. USAdvisors Wealth Management LLC’s holdings in Apple were worth $818,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AAPL. IFM Investors Pty Ltd lifted its stake in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp lifted its stake in shares of Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC lifted its stake in shares of Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC lifted its stake in shares of Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the period. Institutional investors own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAPL. Canaccord Genuity Group upped their price target on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a $220.00 price target on shares of Apple in a research note on Friday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $195.00 target price on shares of Apple in a research note on Monday, October 9th. Raymond James increased their target price on Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, KeyCorp reissued a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.25.

Apple Stock Down 0.0 %

AAPL stock opened at $189.69 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average price of $176.91 and a two-hundred day moving average price of $180.76. The company has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.60 and a beta of 1.30. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $198.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. Analysts anticipate that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. Apple’s dividend payout ratio is 15.69%.

Insider Activity

In other news, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was 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 directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 32,010 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $177.89, for a total value of $5,694,258.90. Following the completion of the sale, the chief financial officer now directly owns 139,346 shares of the company’s stock, valued at $24,788,259.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction that occurred on 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 directly owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The disclosure for this sale can be found here. Insiders sold a total of 444,391 shares of company stock valued at $77,370,046 over the last three months. Insiders own 0.06% of the company’s stock.

About Apple

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.