Ignite Planners LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 71,707 shares of the iPhone maker's stock after selling 9,524 shares during the quarter. Apple comprises approximately 3.8% of Ignite Planners LLC's holdings, making the stock its 2nd largest position. Ignite Planners LLC's holdings in Apple were worth $16,708,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Granite Investment Partners LLC lifted its stake in Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after acquiring an additional 7,606 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the period. EP Wealth Advisors LLC raised its holdings in Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock valued at $406,099,000 after acquiring an additional 95,235 shares in the last quarter. Bellwether Advisors LLC lifted its position in Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock worth $5,128,000 after purchasing an additional 19,352 shares during the period. Finally, Gentry Private Wealth LLC bought a new position in shares of Apple during the 2nd quarter worth about $876,000. Institutional investors own 60.41% of the company's stock.
Apple Stock Up 0.6 %
Shares of AAPL traded up $1.35 during midday trading on Friday, hitting $229.87. 38,168,252 shares of the company's stock traded hands, compared to its average volume of 43,855,068. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm's fifty day moving average is $227.73 and its 200-day moving average is $218.06.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple's dividend payout ratio (DPR) is 16.45%.
Insiders Place Their Bets
In related news, SVP Katherine L. Adams sold 61,019 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares of the company's stock, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of 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 report on Tuesday, October 1st. Barclays lowered their target price on shares of Apple from $186.00 to $184.00 and set an "underweight" rating for the company 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. TD Cowen upped their price objective on Apple from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Finally, Tigress Financial lifted their target price on shares of Apple from $245.00 to $295.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.25.
Read Our Latest Research Report on AAPL
Apple Profile
(
Free Report)
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.
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