Simplicity Wealth LLC Sells 939 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Nov 4th, 2023

Simplicity Wealth LLC lessened its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,034 shares of the iPhone maker’s stock after selling 939 shares during the period. Simplicity Wealth LLC’s holdings in Apple were worth $588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the period. Markel Corp increased its position in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after buying an additional 8,450 shares in the last quarter. Camden Capital LLC raised its stake in Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC lifted its holdings in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 31,685 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the transaction, the chief financial officer now directly owns 107,661 shares in the company, valued at approximately $19,237,944.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the sale, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. 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 240,569 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now directly owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 455,004 shares of company stock valued at $79,238,767. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $176.65 on Friday. The company’s 50 day simple moving average is $176.84 and its 200 day simple moving average is $179.30. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The stock has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30.

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

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price objective on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. StockNews.com started coverage on shares of Apple in a report on Thursday, October 5th. They issued a “hold” rating for the company. Rosenblatt Securities lowered their price objective on shares of Apple from $198.00 to $189.00 and set a “neutral” rating for the company in a research report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research report on Monday, October 9th. Finally, Raymond James increased their target price on Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Ten investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $197.82.

Get Our Latest Stock Analysis on Apple

About Apple

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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.