Apple Inc. $AAPL Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,102 shares of the iPhone maker’s stock after selling 3,344 shares during the period. Apple makes up approximately 1.3% of WBH Advisory Inc.’s portfolio, making the stock its 22nd largest position. WBH Advisory Inc.’s holdings in Apple were worth $14,793,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAPL. Financial Futures Ltd Liability Co. grew its position in shares of Apple by 13.2% during the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after acquiring an additional 415 shares during the last quarter. Avid Wealth Partners LLC raised its position in Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after purchasing an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its stake in Apple by 0.4% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares during the period. American National Bank & Trust grew its position in Apple by 2.4% during the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Andina Capital Management LLC grew its position in Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $267.44 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The stock has a 50 day simple moving average of $257.18 and a 200-day simple moving average of $227.87. The company has a market cap of $3.95 trillion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. 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 for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt increased their target price on shares of Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. UBS Group upped their price objective on Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Monday, October 27th. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and lifted their target price for the company from $203.07 to $246.99 in a research note on Friday, October 31st. Finally, Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $278.22.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction dated 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 in the company, valued at $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. Insiders own 0.06% of the company’s stock.

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.