IAG Wealth Partners LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,773 shares of the iPhone maker’s stock after selling 860 shares during the period. IAG Wealth Partners LLC’s holdings in Apple were worth $676,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Milestone Resources Group Ltd raised its stake in Apple by 92.6% in the third quarter. Milestone Resources Group Ltd now owns 416 shares of the iPhone maker’s stock valued at $59,000 after buying an additional 200 shares in the last quarter. Navigation Wealth Management Inc. grew its holdings in shares of Apple by 21.3% during the third quarter. Navigation Wealth Management Inc. now owns 478 shares of the iPhone maker’s stock worth $68,000 after purchasing an additional 84 shares during the last quarter. Newfound Research LLC purchased a new position in shares of Apple during the third quarter worth about $77,000. NuWave Investment Management LLC grew its holdings in shares of Apple by 43.5% during the third quarter. NuWave Investment Management LLC now owns 594 shares of the iPhone maker’s stock worth $84,000 after purchasing an additional 180 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in shares of Apple by 18.1% during the second quarter. Magellan Asset Management Ltd now owns 1,076 shares of the iPhone maker’s stock worth $147,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 56.40% of the company’s stock.
Several equities analysts have issued reports on the company. JPMorgan Chase & Co. set a $210.00 price objective on Apple and gave the stock an “overweight” rating in a report on Tuesday, December 14th. Robert W. Baird reaffirmed a “buy” rating and set a $169.00 price objective on shares of Apple in a report on Friday, October 29th. UBS Group set a $175.00 price objective on Apple in a report on Wednesday, November 24th. DZ Bank reaffirmed a “buy” rating on shares of Apple in a report on Monday, December 13th. Finally, DA Davidson raised their price target on Apple from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, October 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Buy” and an average price target of $173.06.
In related news, SVP Deirdre O’brien sold 18,247 shares of Apple stock in a transaction dated Monday, October 18th. The stock was sold at an average price of $146.35, for a total transaction of $2,670,448.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 165,829 shares of the firm’s stock in a transaction dated Tuesday, October 19th. The stock was sold at an average price of $148.62, for a total value of $24,645,505.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,081 shares of company stock valued at $32,383,704. Company insiders own 0.06% of the company’s stock.
Shares of AAPL stock opened at $172.17 on Monday. The stock has a fifty day moving average price of $165.53 and a 200 day moving average price of $152.85. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market cap of $2.82 trillion, a PE ratio of 30.64, a P/E/G ratio of 2.36 and a beta of 1.20. Apple Inc. has a 1 year low of $116.21 and a 1 year high of $182.94.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. Apple had a return on equity of 144.13% and a net margin of 25.88%. The business had revenue of $83.40 billion during the quarter, compared to analysts’ expectations of $84.94 billion. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 5.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Stockholders of record on Monday, November 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio is currently 15.66%.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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