Apple Inc. $AAPL Shares Sold by Fiduciary Planning LLC

Fiduciary Planning LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 16.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,683 shares of the iPhone maker’s stock after selling 2,423 shares during the period. Apple comprises about 0.9% of Fiduciary Planning LLC’s holdings, making the stock its 23rd largest position. Fiduciary Planning LLC’s holdings in Apple were worth $2,602,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Kingstone Capital Partners Texas LLC increased its holdings in shares of Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares during the last quarter. Nuveen LLC acquired a new position in Apple in the first quarter valued at approximately $17,472,482,000. Northern Trust Corp boosted its holdings in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Amundi increased its stake in Apple by 27.4% in the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after purchasing an additional 14,651,321 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AAPL shares. CLSA raised shares of Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Argus set a $325.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Friday, October 31st. DA Davidson raised their price objective on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Barclays lifted their target price on Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Finally, Melius upped their target price on Apple from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.22.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 43,013 shares of Apple 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL opened at $268.56 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. The firm has a 50-day simple moving average of $258.01 and a 200-day simple moving average of $228.15. The company has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is presently 13.92%.

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.