Apple Inc. (NASDAQ:AAPL) Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,273,666 shares of the iPhone maker’s stock after selling 179,306 shares during the period. Apple makes up approximately 35.3% of Circle Wealth Management LLC’s holdings, making the stock its largest holding. Circle Wealth Management LLC’s holdings in Apple were worth $1,531,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAPL. Kowal Investment Group LLC increased its position in shares of Apple by 1.4% in the second quarter. Kowal Investment Group LLC now owns 47,464 shares of the iPhone maker’s stock worth $9,997,000 after acquiring an additional 648 shares in the last quarter. Lavaca Capital LLC raised its position in Apple by 1.1% in the second quarter. Lavaca Capital LLC now owns 43,413 shares of the iPhone maker’s stock valued at $9,144,000 after purchasing an additional 483 shares during the period. Connecticut Wealth Management LLC lifted its stake in shares of Apple by 0.3% during the second quarter. Connecticut Wealth Management LLC now owns 110,175 shares of the iPhone maker’s stock worth $23,205,000 after purchasing an additional 366 shares in the last quarter. Symmetry Investments LP boosted its position in shares of Apple by 324.0% in the second quarter. Symmetry Investments LP now owns 100,695 shares of the iPhone maker’s stock worth $21,208,000 after buying an additional 76,945 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Apple by 3.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 240,962 shares of the iPhone maker’s stock valued at $50,752,000 after buying an additional 7,479 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 412,746 shares of company stock worth $93,021,362 in the last 90 days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James increased their price objective on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. TD Cowen raised their price target on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Monness Crespi & Hardt restated a “buy” rating and set a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Cfra upped their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Apple Stock Down 0.1 %

Shares of AAPL stock opened at $226.96 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a fifty day moving average price of $226.82 and a 200 day moving average price of $214.03. The stock has a market cap of $3.43 trillion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is presently 16.45%.

Apple Company 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.