Apple Inc. (NASDAQ:AAPL) shares sold by America First Investment Advisors LLC

America First Investment Advisors LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL-GET Rating) to 67.7% in the first quarter, reports HoldingsChannel.com. The institutional investor held 6,674 shares of the iPhone maker’s stock after selling 14,000 shares during this period. Apple accounts for about 0.3% of America First Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding. America First Investment Advisors LLC’s holding in Apple was $1,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also changed their positions in the business. Elk River Wealth Management LLC increased its stake in Apple by 49.0% during the first quarter. Elk River Wealth Management LLC now holds 167,122 shares of the iPhone maker’s stock, valued at $29,181,000, after purchasing an additional 54,989 shares last quarter. Piscataqua Savings Bank raised its stake in Apple by 1.5% during the first quarter. After purchasing an additional 684 shares last quarter, Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s $8,302,000 stock. Fountainhead AM LLC increased its stake in Apple by 11.6% during the fourth quarter. After purchasing an additional 4,738 shares last quarter, Fountainhead AM LLC now holds 45,544 shares of the iPhone maker’s stock worth $7,732,000. Primoris Wealth Advisors LLC bought a new position in Apple shares in the fourth quarter at a value of $4,282,000. Finally, Red Door Wealth Management LLC increased its stake in Apple’s shares by 3.3% in the first quarter. Red Door Wealth Management LLC now holds 96,983 shares of the iPhone maker’s stock, valued at $16,934,000, after purchasing an additional 3,087 shares in the previous quarter. 57.98% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have released reports on the company. Barclays raised its price target on Apple from $166.00 to $169.00 and gave the company a “maintenance” rating in a report Friday. Piper Sandler lowered its price target on Apple from $200.00 to $195.00 in a report on Friday, April 29. Deutsche Bank Rese… in a report on Friday set a price target of $175.00 on Apple. Itaú Unibanco assumed coverage on Apple in a report on Tuesday. They issued an “underperform” rating and a $136.00 price target on the stock. Ultimately, Wells Fargo & Company dropped its price target on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.04.

Apple stock 3.3%

On Friday, Apple’s stock opened at $162.51. The firm has a market cap of $2.63 trillion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 1.53, current ratio 0.93 and quick ratio 0.88. Apple Inc. The fifty-two week low is $129.04 and the fifty-two week high at $182.94. The firm’s fifty-day moving average price is $144.31 and the two-hundred-day moving average price is $157.43.

Apple (NASDAQ:AAPL – GET RATINGS) last released its earnings results on Thursday, July 28. The iPhone maker reported earnings of $1.20 per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The firm’s revenue during the quarter was $82.96 billion, compared to analyst estimates of $82.97 billion. Apple’s net margin was 26.41% and return on equity was 152.88%. The business’s revenue was up 1.9% on a year-on-year basis. During the same quarter last year, the business earned $1.30 EPS. As a group, analysts expect Apple Inc. to generate earnings per share of 6.09 for the current year.

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Apple declares dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11. A dividend of $0.23 per share will be paid to shareholders of record on Monday, August 8. This represents a $0.92 dividend and a yield of 0.57% on an annualized basis. Apple has a dividend payout ratio of 14.94%.

Apple announced that its board of directors on Thursday, April 28 approved a share buyback plan that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to reclaim its 3.5% shares through open market purchases. A share buyback plan is generally a sign that a company’s board believes its shares are undervalued.

Insiders place their bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 4. Shares were sold at an average price of $161.72 for a total transaction of $4,043,000.00. Following the completion of the transaction, the senior vice president now owns 452,334 shares of the company’s stock, which is valued at approximately $73,151,454.48. The transaction was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. Company insiders own 0.06% of the company’s stock.

Apple Profile

(get rating)

Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, homes and accessories including AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

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