Apple Inc. $AAPL Shares Sold by Financial Avengers Inc.

Financial Avengers Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,849 shares of the iPhone maker’s stock after selling 2,043 shares during the period. Apple accounts for approximately 9.0% of Financial Avengers Inc.’s holdings, making the stock its 4th biggest position. Financial Avengers Inc.’s holdings in Apple were worth $19,460,000 at the end of the most recent reporting period.

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

Apple Price Performance

Shares of AAPL stock opened at $278.78 on Thursday. The stock’s fifty day simple moving average is $267.42 and its 200 day simple moving average is $235.90. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The firm has a market cap of $4.12 trillion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86.

Apple (NASDAQ:AAPL) last released 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. The firm had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal 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 issued 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 (DPR) is currently 13.92%.

Insider Transactions at Apple

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This represents a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, 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. Over the last 90 days, insiders sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

AAPL has been the subject of a number of research reports. UBS Group reissued a “neutral” rating on shares of Apple in a report on Monday. Barclays increased their target price on shares of Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Monness Crespi & Hardt lifted their target price on Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Melius Research set a $345.00 price target on Apple in a report on Friday, October 31st. Finally, Rosenblatt Securities raised their price objective on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $282.51.

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.