Apple Inc. (NASDAQ:AAPL) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,935 shares of the iPhone maker's stock after selling 3,913 shares during the quarter. Apple makes up about 8.1% of Winslow Asset Management Inc.'s holdings, making the stock its largest holding. Winslow Asset Management Inc.'s holdings in Apple were worth $43,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lantz Financial LLC raised its holdings in Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker's stock valued at $6,266,000 after acquiring an additional 2,361 shares during the last quarter. BigSur Wealth Management LLC grew its position in shares of Apple by 2.2% in the second quarter. BigSur Wealth Management LLC now owns 52,103 shares of the iPhone maker's stock valued at $10,974,000 after purchasing an additional 1,120 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $3,417,000. GFG Capital LLC lifted its position in Apple by 0.3% during the second quarter. GFG Capital LLC now owns 113,656 shares of the iPhone maker's stock worth $23,938,000 after buying an additional 325 shares in the last quarter. Finally, Hall Laurie J Trustee boosted its stake in Apple by 1.1% during the second quarter. Hall Laurie J Trustee now owns 60,797 shares of the iPhone maker's stock worth $12,805,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on 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 approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.8 %

Apple stock traded up $1.72 during midday trading on Monday, reaching $229.98. The company's stock had a trading volume of 68,239,505 shares, compared to its average volume of 41,481,172. The company has a market cap of $3.48 trillion, a P/E ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $241.01 and a 200-day simple moving average of $230.79. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping 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 business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. On average, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple's payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Oppenheimer reiterated a "buy" rating and set a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Bank of America reiterated a "buy" rating and issued a $256.00 target price on shares of Apple in a report on Friday, January 3rd. Rosenblatt Securities raised their price target on shares of Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, November 1st. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group cut shares of Apple from a "buy" rating to a "hold" rating and upped their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.85.

About Apple

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.