Apple Inc. (NASDAQ:AAPL) Shares Sold by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,134 shares of the iPhone maker’s stock after selling 201 shares during the period. Apple accounts for about 3.4% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 2nd biggest holding. Buck Wealth Strategies LLC’s holdings in Apple were worth $9,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Wyrmwood Management LLC grew its stake in shares of Apple by 69.0% during 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 period. Gilfoyle & Co LLC raised its position in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the period. PayPay Securities Corp boosted its stake in Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after acquiring an additional 210 shares during the last quarter. Cordant Inc. increased its stake in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Apple during the fourth quarter worth $132,000. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated 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 owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the transaction, 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 through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $165.84 on Tuesday. The stock has a market capitalization of $2.56 trillion, a PE ratio of 25.83, a P/E/G ratio of 1.99 and a beta of 1.27. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The business has a fifty day moving average price of $174.24 and a two-hundred day moving average price of $182.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the company posted $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Analysts Set New Price Targets

Several brokerages recently commented on AAPL. Maxim Group assumed coverage on Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective on the stock. Monness Crespi & Hardt boosted their price objective on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler Companies lowered shares of Apple to a “neutral” rating and cut their price target for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Morgan Stanley dropped their price objective on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Oppenheimer reiterated an “outperform” rating and set a $200.00 target price on shares of Apple in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.05.

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.