Apple Inc. $AAPL Shares Sold by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,857 shares of the iPhone maker’s stock after selling 667 shares during the period. Apple makes up about 1.3% of KFA Private Wealth Group LLC’s portfolio, making the stock its 19th biggest position. KFA Private Wealth Group LLC’s holdings in Apple were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Ryan Investment Management Inc. acquired a new stake in Apple during the 2nd quarter worth about $31,000. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter worth about $58,000. LSV Asset Management purchased a new stake in Apple in the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple in the 1st quarter worth approximately $99,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This trade represents a 32.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 224,300 shares of company stock valued at $57,586,933. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $269.77 on Friday. The stock has a market capitalization of $4.00 trillion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.62 and a beta of 1.08. The stock has a 50-day moving average of $251.53 and a 200 day moving average of $224.02. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. Sell-side analysts anticipate 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 will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. CLSA raised shares of Apple to a “strong-buy” rating in a report on Sunday, October 5th. Robert W. Baird set a $300.00 target price on shares of Apple in a research report on Friday, October 31st. Tigress Financial increased their price target on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. UBS Group lifted their price objective on Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a research note on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

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.