Nwam LLC Sells 4,137 Shares of Apple Inc. $AAPL

Nwam LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,603 shares of the iPhone maker’s stock after selling 4,137 shares during the period. Apple accounts for approximately 5.2% of Nwam LLC’s holdings, making the stock its 2nd biggest holding. Nwam LLC’s holdings in Apple were worth $60,775,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAPL. Life Planning Partners Inc bought a new position in Apple in the fourth quarter valued at $47,000. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter worth $58,000. Conquis Financial LLC bought a new position in shares of Apple in the fourth quarter worth $63,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple in the fourth quarter valued at about $82,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $232.14 on Friday. The business’s 50-day moving average price is $215.79 and its two-hundred day moving average price is $212.91. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The stock has a market cap of $3.45 trillion, a P/E ratio of 35.23, a PEG ratio of 2.42 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 EPS. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. The Goldman Sachs Group restated a “buy” rating and set a $266.00 price target on shares of Apple in a report on Tuesday. Wedbush restated an “outperform” rating and set a $270.00 price objective on shares of Apple in a report on Thursday, August 7th. Barclays upped their price target on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Citigroup upped their price target on Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.37.

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.