Rollins Financial Advisors LLC Sells 27,323 Shares of Apple Inc. $AAPL

Rollins Financial Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,767 shares of the iPhone maker’s stock after selling 27,323 shares during the quarter. Apple comprises 9.5% of Rollins Financial Advisors LLC’s holdings, making the stock its 2nd largest holding. Rollins Financial Advisors LLC’s holdings in Apple were worth $59,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Futures Ltd Liability Co. increased its holdings in Apple by 13.2% in the 2nd quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock valued at $729,000 after purchasing an additional 415 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in shares of Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after buying an additional 240 shares during the period. American National Bank & Trust grew its stake in shares of Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after buying an additional 4,543 shares in the last quarter. Riverwater Partners LLC grew its stake in shares of Apple by 17.9% in the second quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock valued at $1,109,000 after buying an additional 819 shares in the last quarter. Finally, Andina Capital Management LLC raised its holdings in shares of Apple by 209.2% in the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after buying an additional 4,591 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 1.2%

NASDAQ AAPL opened at $280.70 on Friday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The firm has a 50 day moving average of $265.56 and a two-hundred day moving average of $233.58. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4.15 trillion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio is currently 13.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a report on Thursday, September 11th. Cowen reissued a “buy” rating on shares of Apple in a research report on Monday, October 27th. CLSA upgraded 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 note on Friday, October 31st. Finally, Monness Crespi & Hardt raised their price target on shares of Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.53.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 3,752 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. This represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by company 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.