Muirfield Wealth Advisors LLC Has $1.74 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Muirfield Wealth Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,280 shares of the iPhone maker’s stock after selling 1,910 shares during the period. Apple accounts for approximately 1.6% of Muirfield Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. Muirfield Wealth Advisors LLC’s holdings in Apple were worth $1,744,000 at the end of the most recent reporting period.

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

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.9 %

Shares of AAPL opened at $220.85 on Thursday. The company has a market capitalization of $3.39 trillion, a P/E ratio of 34.35, a PEG ratio of 2.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The business’s 50 day simple moving average is $222.72 and its 200-day simple moving average is $196.70.

Apple (NASDAQ:AAPL) last announced its 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. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AAPL shares. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Maxim Group boosted their price target on Apple from $195.00 to $203.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Oppenheimer boosted their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 28th. Finally, Wedbush boosted their price target on Apple from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $238.62.

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.