Apple Inc. (NASDAQ:AAPL) Shares Sold by Guidant Wealth Advisors

Guidant Wealth Advisors reduced its stake in Apple Inc. (NASDAQ:AAPL) by 15.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,942 shares of the iPhone maker’s stock after selling 700 shares during the quarter. Guidant Wealth Advisors’ holdings in Apple were worth $571,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FC Advisory LLC boosted its holdings in shares of Apple by 0.4% in the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after buying an additional 10 shares in the last quarter. Lenox Wealth Advisors Inc. boosted its holdings in shares of Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares in the last quarter. BerganKDV Wealth Management LLC boosted its holdings in shares of Apple by 0.4% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after buying an additional 20 shares in the last quarter. Welch Investments LLC boosted its holdings in shares of Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after buying an additional 23 shares in the last quarter. Finally, Accurate Investment Solutions Inc. boosted its holdings in shares of Apple by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock valued at $951,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Apple Inc. (AAPL) traded down $0.63 on Wednesday, hitting $169.01. 28,471,518 shares of the stock were exchanged, compared to its average volume of 27,269,805. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $871,806.19, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.36 and a beta of 1.22. Apple Inc. has a 12 month low of $109.16 and a 12 month high of $176.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.49%. Apple’s dividend payout ratio (DPR) is presently 27.39%.

In other Apple news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,326 shares of company stock valued at $35,290,561. Insiders own 0.08% of the company’s stock.

A number of analysts recently weighed in on the stock. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research note on Friday, September 22nd. Rosenblatt Securities reiterated a “hold” rating and issued a $150.00 price target on shares of Apple in a report on Sunday, October 15th. Citigroup reiterated a “buy” rating and issued a $200.00 price target (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday. Finally, Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $200.27.

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Apple Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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