Well Done LLC Sells 2,981 Shares of Apple Inc. $AAPL

Well Done LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,228 shares of the iPhone maker’s stock after selling 2,981 shares during the quarter. Well Done LLC’s holdings in Apple were worth $4,560,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC grew its holdings in Apple by 0.6% during the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after purchasing an additional 93 shares during the period. Avid Wealth Partners LLC grew its holdings in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC grew its holdings in Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after purchasing an additional 240 shares during the period. Andina Capital Management LLC grew its holdings in Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after purchasing an additional 4,591 shares during the period. Finally, Plum Street Advisors LLC grew its holdings in Apple by 4.0% during the first quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AAPL shares. Morgan Stanley set a $298.00 price objective on shares of Apple and gave the company an “overweight” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apple in a report on Saturday, September 27th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a report on Friday, July 25th. HSBC set a $220.00 price target on shares of Apple and gave the company a “hold” rating in a report on Monday, September 8th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $247.49.

Insider Activity

In other news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,922 shares of company stock valued at $64,320,190 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $256.48 on Wednesday. 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 firm’s fifty day moving average price is $234.84 and its two-hundred day moving average price is $215.25. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The firm has a market capitalization of $3.81 trillion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09.

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

Apple Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is presently 15.78%.

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.