Crown Wealth Group LLC Sells 481 Shares of Apple Inc. $AAPL

Crown Wealth Group LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,100 shares of the iPhone maker’s stock after selling 481 shares during the period. Apple makes up 2.2% of Crown Wealth Group LLC’s portfolio, making the stock its 14th biggest holding. Crown Wealth Group LLC’s holdings in Apple were worth $5,765,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new position in shares of Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Apple during the first quarter valued at about $58,000. Conquis Financial LLC acquired a new position in shares of Apple during the fourth quarter valued at about $63,000. Finally, LSV Asset Management acquired a new position in shares of Apple during the fourth quarter valued at about $65,000. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI set a $290.00 price target on shares of Apple and gave the stock an “outperform” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Apple in a research report on Wednesday. Wedbush set a $310.00 price target on shares of Apple and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Sanford C. Bernstein assumed coverage on shares of Apple in a research report on Monday, September 15th. They issued an “outperform” rating and a $290.00 price target for the company. Finally, HSBC set a $220.00 price target on shares of Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.29.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,922 shares of company stock valued at $64,320,190. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 1.6%

AAPL opened at $254.04 on Friday. The firm’s fifty day moving average is $236.75 and its two-hundred day moving average is $215.77. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market cap of $3.77 trillion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

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

Apple Announces Dividend

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

Apple 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.