Apple Inc. (NASDAQ:AAPL) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 96.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,014 shares of the iPhone maker's stock after selling 52,918 shares during the quarter. Mirabella Financial Services LLP's holdings in Apple were worth $469,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. High Net Worth Advisory Group LLC grew its position in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock worth $14,916,000 after buying an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new position in Apple during the third quarter worth $288,000. Granite Investment Partners LLC lifted its stake in Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock worth $60,958,000 after purchasing an additional 7,606 shares during the last quarter. Truist Financial Corp lifted its stake in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the last quarter. Finally, Sterling Investment Counsel LLC lifted its stake in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AAPL shares. Wedbush restated an "outperform" rating and set a $325.00 price objective on shares of Apple in a research note on Thursday, January 23rd. Evercore ISI raised their price objective on Apple from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday. Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. StockNews.com cut Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Piper Sandler reiterated a "neutral" rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $242.52.

Apple Trading Down 3.4 %

NASDAQ:AAPL opened at $228.01 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The stock's 50-day moving average is $241.68 and its two-hundred day moving average is $230.86. The stock has a market cap of $3.43 trillion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities research analysts forecast that Apple Inc. will post 7.33 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple's payout ratio is 15.87%.

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.

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