Apple Inc. $AAPL Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 4.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 424,084 shares of the iPhone maker’s stock after selling 20,692 shares during the quarter. Apple accounts for about 1.2% of Focus Partners Advisor Solutions LLC’s investment portfolio, making the stock its 18th largest holding. Focus Partners Advisor Solutions LLC’s holdings in Apple were worth $86,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baker Boyer National Bank lifted its position in shares of Apple by 0.3% in the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after acquiring an additional 47 shares in the last quarter. Salus Financial Advisors LLC grew its position in 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 in the last quarter. Red Tortoise LLC raised its stake in Apple by 0.9% during the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after purchasing an additional 49 shares during the period. SigFig Wealth Management LLC lifted its holdings in shares of Apple by 2.8% in the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after purchasing an additional 50 shares in the last quarter. Finally, Shariaportfolio Inc. lifted its holdings in shares of Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In other Apple news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was 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 $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 228,052 shares of company stock valued at $58,604,588. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.4%

NASDAQ:AAPL opened at $276.97 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $4.09 trillion, a P/E ratio of 42.03, a P/E/G ratio of 2.62 and a beta of 1.09. The stock’s 50 day moving average price is $261.05 and its 200 day moving average price is $230.47. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $280.38.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 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 company had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on AAPL shares. Morgan Stanley upped their price target on Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Wedbush reaffirmed an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $315.00 in a research report on Monday, October 20th. Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Monday, October 27th. Finally, Wall Street Zen downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $278.22.

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.