Joule Financial LLC Has $1.15 Million Stock Holdings in Apple Inc. $AAPL

Joule Financial LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,600 shares of the iPhone maker’s stock after selling 250 shares during the period. Joule Financial LLC’s holdings in Apple were worth $1,149,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Salus Financial Advisors LLC increased its position in shares of Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the last quarter. SigFig Wealth Management LLC increased its position in shares of Apple by 2.8% during the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after purchasing an additional 50 shares during the last quarter. Sharpepoint LLC increased its position in shares of Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after purchasing an additional 51 shares during the last quarter. Mission Hills Financial Advisory LLC increased its position in shares of Apple by 1.3% during the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 53 shares during the last quarter. Finally, Virginia Wealth Management Group Inc. increased its position in shares of Apple by 0.3% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 20,946 shares of the iPhone maker’s stock worth $4,298,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 259,121 shares of company stock valued at $65,358,981 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $269.00 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business has a fifty day simple moving average of $245.68 and a two-hundred day simple moving average of $220.69. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $269.89. The company has a market capitalization of $3.99 trillion, a P/E ratio of 40.82, a P/E/G ratio of 2.61 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its 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. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same period last year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 15.78%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and lifted their target price for the stock from $226.00 to $315.00 in a research note on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Apple in a research note on Monday. Finally, Sanford C. Bernstein initiated coverage on Apple in a research note on Monday, September 15th. They set an “outperform” rating and a $290.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.76.

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.