Apple Inc. (NASDAQ:AAPL) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,520 shares of the iPhone maker's stock after selling 3,636 shares during the period. Apple accounts for 4.6% of Kraematon Investment Advisors Inc.'s portfolio, making the stock its 2nd largest holding. Kraematon Investment Advisors Inc.'s holdings in Apple were worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Keystone Wealth Services LLC lifted its holdings in Apple by 1.5% in the second quarter. Keystone Wealth Services LLC now owns 71,138 shares of the iPhone maker's stock valued at $14,983,000 after buying an additional 1,039 shares during the period. LPF Advisors LLC boosted its position in shares of Apple by 4.5% in the 2nd quarter. LPF Advisors LLC now owns 2,355 shares of the iPhone maker's stock worth $496,000 after purchasing an additional 102 shares during the last quarter. Gimbal Financial boosted its position in shares of Apple by 21.2% in the 2nd quarter. Gimbal Financial now owns 4,487 shares of the iPhone maker's stock worth $1,021,000 after purchasing an additional 785 shares during the last quarter. Curated Wealth Partners LLC grew its stake in shares of Apple by 215.5% during the second quarter. Curated Wealth Partners LLC now owns 50,100 shares of the iPhone maker's stock worth $10,552,000 after purchasing an additional 93,466 shares during the period. Finally, Thrive Wealth Management LLC increased its holdings in Apple by 13.4% in the second quarter. Thrive Wealth Management LLC now owns 49,541 shares of the iPhone maker's stock valued at $10,434,000 after purchasing an additional 5,872 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAPL. Moffett Nathanson began coverage on Apple in a research report on Monday, August 19th. They set a "neutral" rating and a $211.00 target price for the company. Melius Research restated a "buy" rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Oppenheimer increased their target price on shares of Apple from $200.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, June 28th. Wedbush boosted their price target on shares of Apple from $275.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Finally, Erste Group Bank upgraded shares of Apple from a "hold" rating to a "buy" rating in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $238.62.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of the business's stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 sale, the senior vice president now owns 191,543 shares of the company's stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 8,706 shares of the 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock valued at $23,723,887 over the last three months. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.7 %

AAPL traded up $1.53 during trading on Thursday, reaching $222.38. 36,558,730 shares of the stock were exchanged, compared to its average volume of 61,377,402. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock's 50 day moving average price is $222.72 and its two-hundred day moving average price is $196.70. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The stock has a market cap of $3.41 trillion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.06. The company 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 company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Equities analysts expect that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed 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 was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple's dividend payout ratio is 15.55%.

About Apple

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.