Apple Inc. $AAPL Shares Sold by Asset Planning Inc

Asset Planning Inc reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,361 shares of the iPhone maker’s stock after selling 809 shares during the quarter. Apple makes up about 4.8% of Asset Planning Inc’s portfolio, making the stock its 6th biggest holding. Asset Planning Inc’s holdings in Apple were worth $6,434,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Ryan Investment Management Inc. acquired a new position in Apple in the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC boosted its holdings 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 worth $42,000 after acquiring an additional 180 shares during the period. Elite Financial Inc. bought a new stake in shares of Apple during the first quarter worth approximately $58,000. LSV Asset Management acquired a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC bought a new position in shares of Apple during the first quarter worth approximately $99,000. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the business’s 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 of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 224,300 shares of company stock valued at $57,586,933 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $268.47 on Friday. The company’s 50-day moving average price is $252.25 and its two-hundred day moving average price is $224.54. The firm has a market cap of $3.98 trillion, a P/E ratio of 40.74, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.87 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 $277.32.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is 13.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Cowen restated a “buy” rating on shares of Apple in a research note on Monday, October 27th. Argus set a $325.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company set a $300.00 price target on shares of Apple and gave the company an “overweight” rating in a research note on Friday, October 31st. DA Davidson lifted their price objective on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.22.

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.