Beacon Financial Planning Inc. sell 125 shares of Apple Inc. (NASDAQ:AAPL)

VaselineSeptember 17, 2024

0 4 minutes read

Beacon Financial Planning Inc. reduced its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,845 shares of the iPhone maker’s stock after selling 125 shares during the period. Apple makes up about 0.8% of Beacon Financial Planning Inc.’s portfolio, making the stock its 18th largest position. Beacon Financial Planning Inc Holdings holdings in Apple were worth $1,231,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AAPL. Christopher J. Hasenberg Inc purchased a new stake in Apple in the 1st quarter valued at about $35,000. Fidelis Capital Partners LLC boosted its holdings in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the period. AP Gilfoyle & Co. LP bought a new position in Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Management Co. raised its stake in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in Apple in the fourth quarter valued at about $85,000. Institutional investors own 60.41% of the company’s shares.

Apple’s price performance

Shares of NASDAQ:AAPL opened at $216.32 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95, and a quick ratio of 0.91. Apple Inc. it has a one year low of $164.07 and a one year high of $237.23. The company’s fifty day moving average price is $222.91 and its 200 day moving average price is $199.00. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.62 and a beta of 1.24.

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Apple (NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the company posted EPS of $1.26. Apple’s revenue rose 4.9% year over year. On average, equities research analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio is currently 15.55%.

Changes in Analyst Ratings

AAPL has been the subject of a number of recent research reports. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Barclays cut their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Oppenheimer reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, September 10th. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Finally, Melius Research reiterated a “buy” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple has an average rating of “Moderate Buy” and a consensus price target of $239.17, based on data from MarketBeat.com.

Check out the latest stock report on AAPL

Insider buying and selling

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of shares are held by insiders.

Apple Company Profile

(Free report)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. The company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multifunction tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.