Silvia Mccoll Wealth Management LLC Sells 8,329 Shares of Apple Inc. (NASDAQ:AAPL)

Silvia Mccoll Wealth Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,139 shares of the iPhone maker's stock after selling 8,329 shares during the period. Apple makes up about 7.2% of Silvia Mccoll Wealth Management LLC's portfolio, making the stock its 2nd largest holding. Silvia Mccoll Wealth Management LLC's holdings in Apple were worth $9,585,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after purchasing an additional 31,278 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple in the 2nd quarter valued at about $42,000. Access Investment Management LLC acquired a new stake in shares of Apple in the first quarter valued at approximately $140,000. Hoese & Co LLP grew its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after acquiring an additional 57 shares in the last quarter. Finally, Sage Financial Group Inc. bought a new position in Apple in the 2nd quarter valued at approximately $206,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.6 %

AAPL traded down $1.27 during trading on Wednesday, reaching $227.01. The company had a trading volume of 14,730,447 shares, compared to its average volume of 58,315,543. The company has a market cap of $3.43 trillion, a P/E ratio of 37.33, a PEG ratio of 2.20 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The business's fifty day moving average price is $227.34 and its 200 day moving average price is $217.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the company posted $1.46 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple's payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Monness Crespi & Hardt restated a "buy" rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Wedbush restated an "outperform" rating and issued a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Tigress Financial boosted their target price on Apple from $245.00 to $295.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 28th. Loop Capital reduced their price target on shares of Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $235.25.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 in the last three months. Corporate insiders own 0.06% of the company's stock.

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.