Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Mosley Wealth Management

Mosley Wealth Management decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,788 shares of the iPhone maker’s stock after selling 90 shares during the quarter. Apple comprises 2.5% of Mosley Wealth Management’s holdings, making the stock its 9th largest position. Mosley Wealth Management’s holdings in Apple were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allied Investment Advisors LLC grew its holdings in shares of Apple by 2.7% during the 1st quarter. Allied Investment Advisors LLC now owns 82,976 shares of the iPhone maker’s stock valued at $14,229,000 after purchasing an additional 2,166 shares during the last quarter. Capital CS Group LLC boosted its position in Apple by 111.6% during the first quarter. Capital CS Group LLC now owns 4,762 shares of the iPhone maker’s stock valued at $817,000 after buying an additional 45,729 shares during the period. First Affirmative Financial Network boosted its position in Apple by 8.4% during the first quarter. First Affirmative Financial Network now owns 21,997 shares of the iPhone maker’s stock valued at $3,772,000 after buying an additional 1,700 shares during the period. Ballew Advisors Inc grew its stake in shares of Apple by 2.5% during the first quarter. Ballew Advisors Inc now owns 7,842 shares of the iPhone maker’s stock valued at $1,316,000 after buying an additional 191 shares during the last quarter. Finally, Meyer Handelman Co. increased its holdings in shares of Apple by 16.0% in the first quarter. Meyer Handelman Co. now owns 604,207 shares of the iPhone maker’s stock worth $103,609,000 after buying an additional 83,222 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Cfra lifted their target price on shares of Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup increased their price target on shares of Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.27.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock worth $114,786,399 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Apple Stock Down 2.2 %

Shares of NASDAQ:AAPL opened at $230.76 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $226.64 and a two-hundred day simple moving average of $209.48. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, research analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio is presently 15.55%.

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.