Apple Inc. (NASDAQ:AAPL) Shares Sold by Kwmg LLC

Kwmg LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,678 shares of the iPhone maker’s stock after selling 56 shares during the period. Kwmg LLC’s holdings in Apple were worth $6,180,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Adapt Wealth Advisors LLC boosted its holdings in Apple by 25.2% in the second quarter. Adapt Wealth Advisors LLC now owns 6,337 shares of the iPhone maker’s stock valued at $1,335,000 after purchasing an additional 1,276 shares during the last quarter. X Square Capital LLC boosted its holdings in Apple by 14.1% in the second quarter. X Square Capital LLC now owns 13,629 shares of the iPhone maker’s stock valued at $2,871,000 after purchasing an additional 1,685 shares during the last quarter. DDFG Inc raised its position in shares of Apple by 0.3% in the second quarter. DDFG Inc now owns 27,014 shares of the iPhone maker’s stock worth $5,690,000 after acquiring an additional 79 shares during the period. Stonekeep Investments LLC acquired a new position in shares of Apple in the second quarter worth about $1,376,000. Finally, Private Management Group Inc. raised its position in shares of Apple by 9.4% in the second quarter. Private Management Group Inc. now owns 18,721 shares of the iPhone maker’s stock worth $3,943,000 after acquiring an additional 1,612 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 0.1 %

Shares of Apple stock opened at $245.55 on Friday. The company has a market capitalization of $3.69 trillion, a P/E ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20. The company’s fifty day moving average is $240.47 and its two-hundred day moving average is $232.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAPL. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barclays increased their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Raymond James increased their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, Evercore ISI increased their price objective on shares of Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $244.85.

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.