<div id="readability-page-1"><p>Peak Financial Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 75.5% in the 2nd quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 4,868 shares of the iPhone maker's stock after selling 15,032 shares during the quarter. Peak Financial Advisors LLC's holdings in Apple were worth $1,025,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>How to See Stocks the Way Warren Buffett Sees Stocks</li></ul><p>A number of other hedge funds have also bought and sold shares of AAPL. Foresight Capital Management Advisors Inc. boosted its holdings in Apple by 0.3% in the second quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker's stock valued at $4,003,000 after purchasing an additional 55 shares during the last quarter. Hoese &amp; Co LLP raised its stake in shares of Apple by 6.7% during the 2nd quarter. Hoese &amp; Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after buying an additional 57 shares during the last quarter. Stableford Capital II LLC lifted its holdings in shares of Apple by 0.3% in the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker's stock valued at $2,942,000 after buying an additional 59 shares during the period. Whitcomb &amp; Hess Inc. grew its holdings in Apple by 1.7% during the second quarter. Whitcomb &amp; Hess Inc. now owns 3,540 shares of the iPhone maker's stock worth $746,000 after acquiring an additional 59 shares during the period. Finally, Kwmg LLC raised its position in Apple by 0.6% during the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker's stock valued at $1,825,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 60.41% of the company's stock. </p><h2>Apple Trading Down 2.7 %</h2><p>Shares of AAPL stock opened at $222.77 on Wednesday. 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 twelve month low of $164.07 and a twelve month high of $237.23. The company's 50-day moving average price is $222.57 and its 200-day moving average price is $196.53. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.69 and a beta of 1.24. </p><br/><ul><li>Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results</li></ul><p>Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. As a group, equities analysts predict that Apple Inc. will post 6.7 earnings per share for the current year. </p><h2>Apple Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple's payout ratio is 15.55%. </p><h2>Insiders Place Their Bets</h2><ul><li>Buy the Dip In NVIDIA, But Be Prepared for Volatility</li></ul><p>In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction on Thursday, August 15th. The stock was 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 approximately $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, 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 &amp; Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was 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 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 quarter. 0.06% of the stock is owned by insiders. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of brokerages have recently commented on AAPL. StockNews.com raised shares of Apple from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Wednesday, August 7th. Oppenheimer raised their price target on shares of Apple from $200.00 to $250.00 and gave the company an &#34;outperform&#34; rating in a research report on Friday, June 28th. UBS Group reiterated a &#34;neutral&#34; rating and issued a $190.00 price objective on shares of Apple in a research report on Monday, July 1st. JPMorgan Chase &amp; Co. raised their target price on Apple from $245.00 to $265.00 and gave the company an &#34;overweight&#34; rating in a research report on Wednesday, July 24th. Finally, Piper Sandler reaffirmed a &#34;neutral&#34; rating and issued a $225.00 price target on shares of Apple in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $237.30.</p><p><b>Get Our Latest Report on AAPL</b></p><h2>Apple Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Apple</li><li>What is the Hang Seng index?  </li><li>3 Small Cap Stocks That Insiders Are Buying</li><li>What are earnings reports?</li><li>Analysts Forecast Big Upside for Western Digital—Don’t Miss Out</li><li>How to Invest in Biotech Stocks</li><li>3 Must-Own Stocks for Bullish Investors in Today's Market</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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AAPL

<p>Peak Financial Advisors LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 75.5% in Q2, decreasing its holdings to 4,868 shares after selling 15,032 shares, valued at approximately $1,025,000. Meanwhile, other investors like Foresight Capital Management and Hoese & Co LLP adjusted their positions as well. Apple shares opened at $177.77, down 2.7%, with a market cap of $2.42 trillion. The company reported Q2 earnings of $1.40 per share, exceeding estimates, and declared a quarterly dividend of $0.25 with a 0.45% yield.</p>

- Peak Financial Advisors LLC reduced its stake in Apple Inc. by 75.5% in the 2nd quarter, owning 4,868 shares worth $1,025,000. Various hedge funds like Foresight Capital Management Advisors Inc. and Hoese & Co LLP made moves in Apple stock, impacting their holdings.
- Apple's recent earnings report showed $1.40 earnings per share, surpassing estimates by $0.06, with a revenue of $85.78 billion. The company also declared a quarterly dividend and insiders have been actively selling shares.
- Analysts have varied ratings on Apple, with a mix of buy, hold, and sell recommendations. The company's stock has an average rating of "Moderate Buy" with a price target of $237.30.

Peak Financial Advisors LLC Decreases Stock Position in Apple Inc. (NASDAQ:AAPL)