TFG Advisers LLC Sells 2,296 Shares of Apple Inc. (NASDAQ:AAPL)

TFG Advisers LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,800 shares of the iPhone maker's stock after selling 2,296 shares during the quarter. Apple makes up approximately 6.5% of TFG Advisers LLC's investment portfolio, making the stock its biggest holding. TFG Advisers LLC's holdings in Apple were worth $18,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. Cordant Inc. boosted its holdings in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after buying an additional 173 shares in the last quarter. Hoese & Co LLP grew its position in shares of Apple by 6.7% in 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 last quarter. Finally, Sage Financial Group Inc. bought a new position in shares of Apple during the 2nd quarter worth approximately $206,000. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction 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 transaction, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company's stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 508,170 shares of company stock valued at $117,004,745. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of Apple stock traded up $4.70 during mid-day trading on Friday, reaching $254.49. 145,580,875 shares of the stock traded hands, compared to its average volume of 57,671,145. The stock has a market capitalization of $3.85 trillion, a PE ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The business has a 50-day moving average of $234.97 and a 200 day moving average of $225.70. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the prior year, the company earned $1.46 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given 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 0.39%. Apple's payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Maxim Group upped their price target on Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Evercore ISI reissued a "buy" rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Tigress Financial upped their price objective on shares of Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a report on Wednesday, August 28th. Bank of America lifted their target price on shares of Apple to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler restated a "neutral" rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $236.78.

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.