Apple Inc. (NASDAQ:AAPL) is Grandview Asset Management LLC's 2nd Largest Position

Grandview Asset Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,711 shares of the iPhone maker's stock after selling 3,807 shares during the period. Apple makes up about 11.3% of Grandview Asset Management LLC's portfolio, making the stock its 2nd largest holding. Grandview Asset Management LLC's holdings in Apple were worth $19,738,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on AAPL. Oppenheimer restated a "buy" rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Barclays cut their price target on Apple from $186.00 to $184.00 and set an "underweight" rating on the stock in a report on Friday, November 1st. Rosenblatt Securities lifted their price objective on Apple from $261.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $235.25.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % 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 company's stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 15,419 shares of the company's stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 408,170 shares of company stock valued at $92,007,745. Company insiders own 0.06% of the company's stock.

Apple Trading Up 0.6 %

Apple stock traded up $1.33 during trading on Friday, reaching $229.85. The company had a trading volume of 4,135,982 shares, compared to its average volume of 58,095,512. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. 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 stock's 50 day moving average price is $227.59 and its two-hundred day moving average price is $217.47. The firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.57, a PEG ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. As a group, equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is currently 16.45%.

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.