HMV Wealth Advisors LLC Sells 5,723 Shares of Apple Inc. $AAPL

HMV Wealth Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 36.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,828 shares of the iPhone maker’s stock after selling 5,723 shares during the period. Apple accounts for about 1.3% of HMV Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position. HMV Wealth Advisors LLC’s holdings in Apple were worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Burkett Financial Services LLC grew its stake in shares of Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after acquiring an additional 93 shares in the last quarter. Avid Wealth Partners LLC grew its stake in shares of Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after acquiring an additional 930 shares in the last quarter. Bell & Brown Wealth Advisors LLC grew its stake in shares of Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after acquiring an additional 240 shares in the last quarter. American National Bank & Trust grew its stake in shares of Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Andina Capital Management LLC grew its stake in shares of Apple by 209.2% in the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after acquiring an additional 4,591 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer 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 is available in the SEC filing. Insiders have sold 259,121 shares of company stock valued at $65,358,981 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.3%

Shares of AAPL opened at $269.70 on Thursday. The firm’s 50 day simple moving average is $246.55 and its 200 day simple moving average is $221.19. The company has a market capitalization of $4.00 trillion, a P/E ratio of 40.93, a P/E/G ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $271.41.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 24.30% and a return on equity of 170.91%. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Raymond James Financial restated an “outperform” rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. BMO Capital Markets restated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research report on Wednesday, October 8th. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $315.00 in a report on Monday, October 20th. Finally, Robert W. Baird upped their price objective on shares of Apple from $230.00 to $280.00 and gave the company an “outperform” rating in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.49.

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.