Apple Inc. $AAPL Stock Position Trimmed by Goldstein Advisors LLC

Goldstein Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 27.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,639 shares of the iPhone maker’s stock after selling 8,211 shares during the period. Apple makes up approximately 0.6% of Goldstein Advisors LLC’s holdings, making the stock its 27th biggest position. Goldstein Advisors LLC’s holdings in Apple were worth $4,440,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ryan Investment Management Inc. bought a new position in shares of Apple in the second quarter worth $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC grew its position in Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares in the last quarter. Elite Financial Inc. acquired a new position in Apple during the 1st quarter valued at about $58,000. Finally, LSV Asset Management bought a new stake in shares of Apple during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 1.8%

NASDAQ:AAPL opened at $267.46 on Tuesday. 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 1-year low of $169.21 and a 1-year high of $277.32. The firm has a market capitalization of $3.95 trillion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The stock has a fifty day simple moving average of $256.52 and a 200 day simple moving average of $227.43.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio is 13.92%.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wedbush reiterated an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. UBS Group lifted their price target on Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price (up from $230.00) on shares of Apple in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $278.22.

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.