Arcadia Wealth Management LLC Has $549,000 Stock Position in Apple Inc. $AAPL

Arcadia Wealth Management LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,675 shares of the iPhone maker’s stock after selling 621 shares during the quarter. Arcadia Wealth Management LLC’s holdings in Apple were worth $549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Ryan Investment Management Inc. bought a new position in shares of Apple during the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC boosted its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the period. Elite Financial Inc. bought a new position in shares of Apple during the 1st quarter worth approximately $58,000. LSV Asset Management bought a new position in shares of Apple during the 4th quarter worth approximately $65,000. Finally, HFM Investment Advisors LLC bought a new stake in Apple in the 1st quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $252.29 on Monday. The stock has a fifty day moving average price of $241.13 and a 200-day moving average price of $216.91. The company has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.46 and a beta of 1.09. 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 $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is 15.78%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The transaction was disclosed in a 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 on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,121 shares of company stock worth $65,358,981 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AAPL shares. CLSA upgraded Apple to a “strong-buy” rating in a research note on Sunday, October 5th. BMO Capital Markets restated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research note on Wednesday, October 8th. Monness Crespi & Hardt boosted their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $248.29.

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.