AA Financial Advisors LLC Sells 1,331 Shares of Apple Inc. $AAPL

AA Financial Advisors LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,436 shares of the iPhone maker’s stock after selling 1,331 shares during the quarter. AA Financial Advisors LLC’s holdings in Apple were worth $4,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Apple by 573,627.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares during the period. Norges Bank bought a new stake in shares of Apple in the fourth quarter valued at about $46,868,648,000. Nuveen LLC bought a new stake in shares of Apple in the first quarter valued at about $17,472,482,000. GAMMA Investing LLC boosted its position in shares of Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after acquiring an additional 59,835,676 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Apple by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after acquiring an additional 49,168,843 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Stock Down 0.5%

Shares of NASDAQ AAPL opened at $255.46 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.79 trillion, a price-to-earnings ratio of 38.76, a PEG ratio of 2.65 and a beta of 1.11. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a 50-day moving average price of $228.87 and a two-hundred day moving average price of $213.22.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is presently 15.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAPL. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 25th. Morgan Stanley set a $240.00 target price on shares of Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. DA Davidson reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Loop Capital cut their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research report on Thursday, August 21st. Finally, HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $245.66.

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.