Oliver Lagore Vanvalin Investment Group Sells 687 Shares of Apple Inc. (NASDAQ:AAPL)

Oliver Lagore Vanvalin Investment Group reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 21,177 shares of the iPhone maker’s stock after selling 687 shares during the quarter. Apple makes up 1.3% of Oliver Lagore Vanvalin Investment Group’s investment portfolio, making the stock its 17th largest position. Oliver Lagore Vanvalin Investment Group’s holdings in Apple were worth $4,460,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AAPL. True Link Financial Advisors LLC increased its holdings in Apple by 7.1% in the 1st quarter. True Link Financial Advisors LLC now owns 4,074 shares of the iPhone maker’s stock worth $699,000 after acquiring an additional 269 shares in the last quarter. United Capital Management of KS Inc. boosted its position in shares of Apple by 2.0% in the first quarter. United Capital Management of KS Inc. now owns 90,808 shares of the iPhone maker’s stock worth $15,572,000 after purchasing an additional 1,790 shares during the period. Red Tortoise LLC increased its stake in shares of Apple by 1.5% in the first quarter. Red Tortoise LLC now owns 5,428 shares of the iPhone maker’s stock worth $931,000 after purchasing an additional 79 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in shares of Apple by 60.5% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 28,368 shares of the iPhone maker’s stock valued at $4,865,000 after buying an additional 10,691 shares in the last quarter. Finally, Wiser Wealth Management Inc boosted its holdings in Apple by 5.2% in the 1st quarter. Wiser Wealth Management Inc now owns 9,549 shares of the iPhone maker’s stock worth $1,637,000 after buying an additional 476 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Up 0.4 %

Shares of NASDAQ AAPL opened at $225.12 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $226.75 and its 200-day moving average price is $215.45. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is currently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Piper Sandler restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. TD Cowen upped their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Citigroup upped their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,040 shares of company stock worth $91,062,512 in the last ninety days. 0.06% of the stock is 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.