Wagner Wealth Management LLC Sells 7,093 Shares of Apple Inc. (NASDAQ:AAPL)

Wagner Wealth Management LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,819 shares of the iPhone maker’s stock after selling 7,093 shares during the quarter. Apple makes up approximately 1.7% of Wagner Wealth Management LLC’s holdings, making the stock its 14th largest holding. Wagner Wealth Management LLC’s holdings in Apple were worth $5,164,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wyrmwood Management LLC grew its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Atlantic Private Wealth LLC purchased a new stake in Apple in the first quarter worth about $30,000. Cheyne Capital Management UK LLP lifted its holdings 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 buying an additional 550 shares during the period. HBC Financial Services PLLC lifted its holdings 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 buying an additional 80 shares during the period. Finally, PayPay Securities Corp lifted its holdings in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the period. 60.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $220.00 price objective on shares of Apple in a report on Friday, March 22nd. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered their price objective on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. DZ Bank restated a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Finally, Piper Sandler Companies lowered shares of Apple to a “neutral” rating and lowered their target price for the company from $220.00 to $205.00 in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.08.

Apple Trading Down 2.2 %

NASDAQ:AAPL opened at $172.69 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The company has a market cap of $2.67 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. The company has a 50 day simple moving average of $176.40 and a two-hundred day simple moving average of $182.32.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 14.95%.

Insider Activity

In other news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple 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.