Peak Financial Advisors LLC Has $1.03 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Peak Financial Advisors LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 75.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,868 shares of the iPhone maker's stock after selling 15,032 shares during the period. Peak Financial Advisors LLC's holdings in Apple were worth $1,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charter Oak Capital Management LLC boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Charter Oak Capital Management LLC now owns 69,035 shares of the iPhone maker's stock valued at $13,291,000 after purchasing an additional 355 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of Apple by 2.6% in the 4th quarter. Krilogy Financial LLC now owns 196,455 shares of the iPhone maker's stock valued at $37,824,000 after purchasing an additional 5,064 shares in the last quarter. Fingerlakes Wealth Management Inc. raised its stake in Apple by 0.3% during the fourth quarter. Fingerlakes Wealth Management Inc. now owns 36,113 shares of the iPhone maker's stock valued at $6,953,000 after buying an additional 113 shares in the last quarter. Nelson Capital Management LLC lifted its stake in Apple by 4.1% during the fourth quarter. Nelson Capital Management LLC now owns 100,026 shares of the iPhone maker's stock worth $19,258,000 after purchasing an additional 3,947 shares during the last quarter. Finally, Blossom Wealth Management boosted its holdings in Apple by 17.4% in the fourth quarter. Blossom Wealth Management now owns 11,526 shares of the iPhone maker's stock worth $2,219,000 after purchasing an additional 1,710 shares during the period. Hedge funds and other institutional investors own 60.41% of the company's stock.

Insider Buying and Selling at Apple

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

Apple Price Performance

Shares of NASDAQ:AAPL traded down $1.92 on Wednesday, reaching $220.85. 43,780,799 shares of the company traded hands, compared to its average volume of 61,523,160. The stock has a market capitalization of $3.39 trillion, a PE ratio of 34.35, a P/E/G ratio of 2.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company's 50 day moving average is $222.72 and its 200-day moving average is $196.70. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple's dividend payout ratio is 15.55%.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. Moffett Nathanson started coverage on shares of Apple in a report on Monday, August 19th. They set a "neutral" rating and a $211.00 target price on the stock. Sanford C. Bernstein raised their target price on shares of Apple from $195.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, June 21st. Wedbush lifted their target price on Apple from $275.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a "buy" rating and set a $260.00 price target on shares of Apple in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Apple from $245.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.62.

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.