Apple Inc. (NASDAQ:AAPL) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,215 shares of the iPhone maker's stock after selling 5,457 shares during the quarter. Apple accounts for approximately 5.5% of Werba Rubin Papier Wealth Management's investment portfolio, making the stock its 4th largest position. Werba Rubin Papier Wealth Management's holdings in Apple were worth $20,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC boosted its stake in shares of Apple by 387.3% during the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock valued at $5,128,000 after purchasing an additional 19,352 shares during the period. Gentry Private Wealth LLC purchased a new stake in shares of Apple during the second quarter valued at $876,000. WT Asset Management Ltd purchased a new stake in shares of Apple during the second quarter valued at $80,057,000. Councilmark Asset Management LLC purchased a new stake in shares of Apple during the first quarter valued at $11,776,000. Finally, TD Asset Management Inc boosted its stake in shares of Apple by 10.3% during the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker's stock valued at $3,526,874,000 after purchasing an additional 1,557,848 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AAPL shares. Moffett Nathanson started coverage on shares of Apple in a research note on Monday, August 19th. They set a "neutral" rating and a $211.00 target price for the company. Oppenheimer restated a "buy" rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. Citigroup lifted their price objective on Apple to $185.00 and gave the company a "buy" rating in a report on Wednesday. New Street Research restated a "neutral" rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Finally, Monness Crespi & Hardt restated a "buy" rating and issued a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $235.91.

Insider Activity at Apple

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 value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Apple stock traded up $0.84 during mid-day trading on Friday, hitting $231.41. The company had a trading volume of 38,778,252 shares, compared to its average volume of 59,638,496. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company's fifty day moving average is $226.75 and its 200-day moving average is $209.62. The company has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors 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 dividend on an annualized basis and a yield of 0.43%. Apple's dividend payout ratio is currently 15.55%.

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.