Apple Inc. (NASDAQ:AAPL) is 4J Wealth Management LLC’s 10th Largest Position

4J Wealth Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the iPhone maker’s stock after selling 48 shares during the quarter. Apple accounts for approximately 2.9% of 4J Wealth Management LLC’s holdings, making the stock its 10th biggest holding. 4J Wealth Management LLC’s holdings in Apple were worth $3,475,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc bought a new stake in Apple in the first quarter worth about $35,000. Fidelis Capital Partners LLC raised its holdings in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple during the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its holdings in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in Apple in the 4th quarter valued at $85,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AAPL. Rosenblatt Securities reaffirmed a “buy” rating and issued a $261.00 price target on shares of Apple in a research note on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price target on shares of Apple in a report on Tuesday. Moffett Nathanson started coverage on Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. Finally, Barclays lowered their target price on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $238.62.

Apple Trading Down 0.1 %

AAPL opened at $222.50 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company’s 50 day simple moving average is $223.14 and its two-hundred day simple moving average is $198.52. The firm has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock worth $23,723,887 over the last three months. 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.