Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Boston Standard Wealth Management LLC

Boston Standard Wealth Management LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 11.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,000 shares of the iPhone maker’s stock after selling 521 shares during the quarter. Apple makes up 0.2% of Boston Standard Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Boston Standard Wealth Management LLC’s holdings in Apple were worth $843,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Yeomans Consulting Group Inc. acquired a new position in Apple during the 4th quarter valued at about $1,713,000. Raleigh Capital Management Inc. boosted its position in shares of Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after buying an additional 1,643 shares during the period. GLOBALT Investments LLC GA bought a new position in Apple in the 4th quarter worth approximately $38,406,000. Barden Capital Management Inc. increased its position in Apple by 132.8% in the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the period. Finally, Sunpointe LLC bought a new stake in Apple during the 4th quarter valued at $4,782,000. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 0.3 %

Shares of NASDAQ:AAPL opened at $229.00 on Friday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market cap of $3.51 trillion, a P/E ratio of 35.61, a P/E/G ratio of 2.60 and a beta of 1.24. The stock’s 50-day moving average is $221.45 and its 200-day moving average is $195.48.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 145.35% and a net margin of 26.44%. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the previous year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.61 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Tuesday. Monness Crespi & Hardt increased their price target on Apple from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. UBS Group reissued a “neutral” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, July 1st. KeyCorp reaffirmed a “hold” rating and set a $247.61 target price on shares of Apple in a research note on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.30.

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.