Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,230 shares of the iPhone maker's stock after selling 3,156 shares during the period. Apple comprises 5.2% of Caldwell Sutter Capital Inc.'s holdings, making the stock its largest holding. Caldwell Sutter Capital Inc.'s holdings in Apple were worth $11,238,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in 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 purchasing an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after buying an additional 7,558,826 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock worth $1,302,607,000 after buying an additional 5,566,250 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Apple during the second quarter worth $834,368,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Apple by 6.7% in the 2nd 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. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 1.3 %

Shares of NASDAQ:AAPL traded down $3.39 during mid-day trading on Monday, hitting $252.20. 35,435,137 shares of the company traded hands, compared to its average volume of 57,203,777. The stock has a market cap of $3.81 trillion, a P/E ratio of 41.48, a P/E/G ratio of 2.41 and a beta of 1.23. The stock has a 50-day moving average price of $237.41 and a two-hundred day moving average price of $227.89. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL - Get Free Report) last announced its 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 the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple's dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Piper Sandler reiterated a "neutral" rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. KeyCorp lowered shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price objective for the company. in a report on Friday, October 25th. Citigroup boosted their target price on shares of Apple to $185.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Evercore ISI reaffirmed a "buy" rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Finally, Jefferies Financial Group lowered shares of Apple from a "buy" rating to a "hold" rating and lifted their price target for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $237.47.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly 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 filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 in the last quarter. 0.06% of the stock is currently owned by company insiders.

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.