Apple Inc. $AAPL Shares Sold by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 68.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,341 shares of the iPhone maker’s stock after selling 18,324 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Apple were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC raised its stake in shares of Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after purchasing an additional 93 shares during the last quarter. Avid Wealth Partners LLC raised its stake in shares of Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after purchasing an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its stake in shares of Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares during the last quarter. American National Bank & Trust raised its stake in shares of Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Andina Capital Management LLC raised its stake in shares of Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. Monness Crespi & Hardt raised their price objective on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. Jefferies Financial Group cut Apple from a “moderate sell” rating to a “strong sell” rating in a research report on Monday. DA Davidson reiterated a “neutral” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 11th. Finally, Wells Fargo & Company lifted their price target on Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $252.47.

Apple Stock Up 0.4%

Shares of AAPL opened at $259.58 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $265.29. The stock’s 50 day moving average is $243.53 and its two-hundred day moving average is $218.56. The firm has a market cap of $3.85 trillion, a P/E ratio of 39.39, a PEG ratio of 2.51 and a beta of 1.09.

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

Apple Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is 15.78%.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was 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 in the company, valued at $35,181,866.93. This trade represents a 23.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 259,121 shares of company stock worth $65,358,981. 0.06% of the stock is currently owned by corporate insiders.

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.