Apple Inc. (NASDAQ:AAPL) Shares Sold by Unique Wealth LLC

Unique Wealth LLC decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,874 shares of the iPhone maker's stock after selling 1,723 shares during the period. Apple comprises 0.9% of Unique Wealth LLC's investment portfolio, making the stock its 29th biggest position. Unique Wealth LLC's holdings in Apple were worth $4,859,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Drystone LLC acquired a new position in Apple in the 4th quarter worth about $25,000. Life Planning Partners Inc purchased a new stake in shares of Apple in the fourth quarter valued at approximately $47,000. Conquis Financial LLC acquired a new position in shares of Apple during the 4th quarter worth approximately $63,000. LSV Asset Management acquired a new position in shares of Apple during the 4th quarter worth approximately $65,000. Finally, Pillar Financial Advisors LLC purchased a new position in shares of Apple during the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 0.4%

Shares of AAPL opened at $213.36 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a market cap of $3.19 trillion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20. The company's 50-day moving average price is $203.35 and its 200 day moving average price is $218.86. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio is 16.20%.

Apple declared that its board has approved a stock buyback plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reissued a "buy" rating on shares of Apple in a report on Tuesday, June 10th. Loop Capital dropped their target price on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. China Renaissance started coverage on shares of Apple in a research report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price target for the company. Wedbush reaffirmed an "outperform" rating and issued a $270.00 price target on shares of Apple in a research note on Tuesday, June 10th. Finally, TD Cowen lowered their price objective on Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $234.95.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer directly owned 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

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