Insight Wealth Strategies LLC Decreases Position in Apple Inc. (NASDAQ:AAPL)
Insight Wealth Strategies LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,991 shares of the iPhone maker’s stock after selling 19,963 shares during the quarter. Apple accounts for 1.3% of Insight Wealth Strategies LLC’s holdings, making the stock its 21st largest holding. Insight Wealth Strategies LLC’s holdings in Apple were worth $9,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. High Net Worth Advisory Group LLC increased its position in shares of Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new position in Apple in the third quarter valued at $288,000. Granite Investment Partners LLC lifted its holdings in Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after buying an additional 7,606 shares during the last quarter. Truist Financial Corp boosted its position in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares in the last quarter. Finally, Sterling Investment Counsel LLC increased its holdings in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Apple Price Performance
Shares of NASDAQ AAPL opened at $244.60 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company’s fifty day moving average is $240.70 and its two-hundred day moving average is $231.75. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio is currently 15.87%.
Analyst Upgrades and Downgrades
AAPL has been the subject of a number of research analyst reports. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st. Morgan Stanley lifted their price target on shares of Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Monness Crespi & Hardt upped their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.
View Our Latest Stock Report on AAPL
Insider Activity at Apple
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.
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.
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