Apple Inc. $AAPL Shares Sold by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 32.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,448 shares of the iPhone maker’s stock after selling 7,587 shares during the period. Apple accounts for about 0.5% of Pathway Financial Advisors LLC’s holdings, making the stock its 28th biggest holding. Pathway Financial Advisors LLC’s holdings in Apple were worth $3,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AAPL. Kingstone Capital Partners Texas LLC increased its stake in Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after buying an additional 205,656,808 shares during the period. Nuveen LLC purchased a new position in Apple in the 1st quarter valued at about $17,472,482,000. Northern Trust Corp grew its stake in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. Amundi increased its position in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock worth $13,870,795,000 after acquiring an additional 14,651,321 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apple by 14.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Melius Research set a $345.00 price objective on Apple in a research note on Friday, October 31st. HSBC set a $220.00 target price on Apple and gave the company a “hold” rating in a research note on Monday, September 8th. Evercore ISI lifted their price target on shares of Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. CLSA upgraded shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Finally, Weiss Ratings raised shares of Apple from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $278.22.

Apple Stock Performance

Apple stock opened at $268.47 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The company has a fifty day moving average price of $252.25 and a two-hundred day moving average price of $224.85. The company has a market cap of $3.97 trillion, a PE ratio of 40.74, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. During the same period in the previous year, the business posted $1.64 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 224,300 shares of company stock valued at $57,586,933 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.