Beaird Harris Wealth Management LLC Sells 94 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Nov 4th, 2023

Beaird Harris Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,103 shares of the iPhone maker’s stock after selling 94 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Apple were worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parker Financial LLC lifted its position in shares of Apple by 1.2% during the second quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock valued at $881,000 after buying an additional 54 shares during the last quarter. MKT Advisors LLC increased its holdings in shares of Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares in the last quarter. Professional Financial Advisors LLC increased its holdings in shares of Apple by 0.5% during the second quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock valued at $2,563,000 after acquiring an additional 62 shares in the last quarter. Aspire Capital Advisors LLC increased its holdings in shares of Apple by 0.5% during the first quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock valued at $2,321,000 after acquiring an additional 64 shares in the last quarter. Finally, Legacy Financial Group LLC increased its holdings in shares of Apple by 0.6% during the second quarter. Legacy Financial Group LLC now owns 10,949 shares of the iPhone maker’s stock valued at $2,124,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.

Apple Stock Down 0.5 %

Shares of NASDAQ:AAPL opened at $176.65 on Friday. The business has a 50-day moving average price of $176.84 and a 200 day moving average price of $179.30. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.42 and a beta of 1.30. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. Sell-side analysts expect that Apple Inc. will post 6.05 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, November 10th. Apple’s payout ratio is 16.13%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AAPL. Barclays cut their price objective on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a report on Monday, October 30th. Sanford C. Bernstein restated a “market perform” rating and set a $195.00 price objective on shares of Apple in a report on Monday, October 9th. Canaccord Genuity Group upped their price objective on shares of Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Oppenheimer cut their price target on shares of Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $220.00 price target on shares of Apple in a report on Friday, September 15th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $197.82.

Read Our Latest Research Report on AAPL

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 240,569 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the transaction, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 455,004 shares of company stock valued at $79,238,767. 0.06% of the stock is currently owned by insiders.

Apple Profile

(Free Report)

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.