Warner Financial Inc. Sells 3,625 Shares of Apple Inc. $AAPL

Warner Financial Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 23.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,727 shares of the iPhone maker’s stock after selling 3,625 shares during the period. Apple comprises approximately 1.0% of Warner Financial Inc.’s holdings, making the stock its 28th largest holding. Warner Financial Inc.’s holdings in Apple were worth $2,406,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ryan Investment Management Inc. bought a new stake in Apple during the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new position in Apple during the 1st quarter worth $58,000. LSV Asset Management acquired a new position in Apple during the 4th quarter worth $65,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple during the 1st quarter worth $99,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AAPL. Tigress Financial upped their price objective on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 17th. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, September 11th. Barclays upped their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Evercore ISI reaffirmed an “outperform” rating on shares of Apple in a report on Monday. Finally, CLSA raised Apple to a “strong-buy” rating in a report on Sunday, October 5th. Four investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.47.

Apple Stock Performance

AAPL stock opened at $259.58 on Friday. The business’s fifty day moving average is $243.53 and its 200-day moving average is $218.56. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.85 trillion, a P/E ratio of 39.39, 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 $265.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 business had revenue of $94.04 billion for 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 firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated 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 owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Company 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.