Menu Close

GoalFusion Wealth Management LLC Sells 1,046 Shares of Apple Inc. (NASDAQ:AAPL)

GoalFusion Wealth Management LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 47.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,154 shares of the iPhone maker’s stock after selling 1,046 shares during the period. Apple makes up about 0.2% of GoalFusion Wealth Management LLC’s holdings, making the stock its 19th largest holding. GoalFusion Wealth Management LLC’s holdings in Apple were worth $200,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. boosted its stake in Apple by 5,525.0% during the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares during the period. Shore Point Advisors LLC bought a new stake in Apple during the fourth quarter valued at $41,000. Emerson Wealth LLC boosted its stake in Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after buying an additional 320 shares during the period. Econ Financial Services Corp boosted its stake in Apple by 29.1% during the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after buying an additional 95 shares during the period. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new stake in Apple during the fourth quarter valued at $116,000. Institutional investors own 57.72% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AAPL. Loop Capital lowered their price target on Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Itaú Unibanco began coverage on Apple in a research report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. Rosenblatt Securities lowered their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft set a $175.00 price target on Apple in a research report on Monday, August 1st. Finally, KeyCorp raised their price target on Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.18.

Apple Stock Performance

Apple stock opened at $158.91 on Wednesday. The stock’s 50 day simple moving average is $155.68 and its two-hundred day simple moving average is $156.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $2.55 trillion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.12 and a beta of 1.23. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. During the same period in the previous year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s dividend payout ratio is currently 15.18%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Featured Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.