Exencial Wealth Advisors LLC Sells 24,873 Shares of Apple Inc. (NASDAQ:AAPL)

Exencial Wealth Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 489,842 shares of the iPhone maker's stock after selling 24,873 shares during the quarter. Apple accounts for about 4.1% of Exencial Wealth Advisors LLC's portfolio, making the stock its largest position. Exencial Wealth Advisors LLC's holdings in Apple were worth $114,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Apple by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker's stock worth $11,160,183,000 after acquiring an additional 2,785,807 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Apple by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock valued at $10,909,457,000 after acquiring an additional 3,245,281 shares during the last quarter. American Century Companies Inc. boosted its stake in Apple by 3.2% in the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker's stock valued at $7,291,583,000 after acquiring an additional 1,065,759 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Apple by 14.0% during the third quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker's stock worth $6,496,738,000 after purchasing an additional 3,416,922 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock traded down $5.85 during trading on Friday, hitting $236.85. The stock had a trading volume of 61,642,168 shares, compared to its average volume of 46,857,012. The stock has a market cap of $3.58 trillion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company's 50 day moving average price is $240.18 and its two-hundred day moving average price is $230.22.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 EPS. On average, sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple's dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AAPL shares. Wells Fargo & Company upped their target price on Apple to $275.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Oppenheimer restated a "buy" rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. KeyCorp downgraded shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target for the company. in a research report on Friday, October 25th. Citigroup raised their price objective on shares of Apple to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Moffett Nathanson restated a "sell" rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $239.85.

Apple Profile

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.