Wick Capital Partners LLC Has $31,000 Holdings in Apple Inc. $AAPL

Wick Capital Partners LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 40.4% in the fourth quarter, HoldingsChannel reports. The fund owned 11,265 shares of the iPhone maker’s stock after selling 7,639 shares during the period. Wick Capital Partners LLC’s holdings in Apple were worth $31,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AAPL. Professional Financial Solutions LLC ADV bought a new stake in shares of Apple during the fourth quarter valued at approximately $1,661,000. Mcguire Capital Advisors Inc. bought a new position in Apple in the 4th quarter worth approximately $6,934,000. Hamilton Wealth LLC lifted its holdings in Apple by 3.0% during the 4th quarter. Hamilton Wealth LLC now owns 120,087 shares of the iPhone maker’s stock worth $32,647,000 after buying an additional 3,486 shares in the last quarter. BFI Wealth Solutions LLC acquired a new position in Apple during the 4th quarter worth $317,000. Finally, WealthPoint Financial LLC bought a new position in Apple in the 4th quarter valued at $1,664,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 97,875 shares of company stock worth $24,998,541 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $298.01 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a 1-year low of $196.85 and a 1-year high of $317.40. The firm has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.59 and a beta of 1.09. The business’s 50-day moving average price is $289.73 and its two-hundred day moving average price is $272.98.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. On average, equities analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is presently 13.06%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Evercore reissued an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Monness Crespi & Hardt upped their target price on shares of Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Maxim Group restated a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Finally, Bank of America reiterated a “buy” rating and set a $380.00 price target on shares of Apple in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $314.59.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.