Courier Capital LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 291,858 shares of the iPhone maker's stock after selling 2,720 shares during the period. Apple accounts for approximately 4.7% of Courier Capital LLC's holdings, making the stock its 3rd largest holding. Courier Capital LLC's holdings in Apple were worth $68,003,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Carolina Wealth Advisors LLC raised its position in shares of Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after purchasing an additional 46 shares during the last quarter. Verus Financial Partners Inc. raised its holdings in Apple by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker's stock worth $3,566,000 after buying an additional 48 shares during the last quarter. Brown Financial Advisory lifted its stake in shares of Apple by 3.8% in the second quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker's stock worth $287,000 after buying an additional 50 shares in the last quarter. Core Wealth Management Inc. grew its holdings in shares of Apple by 1.7% during the second quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker's stock valued at $625,000 after buying an additional 50 shares during the last quarter. Finally, Lowery Thomas LLC increased its position in shares of Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker's stock valued at $1,602,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Apple Price Performance
AAPL stock traded up $4.70 during mid-day trading on Friday, hitting $254.49. The company had a trading volume of 145,580,875 shares, compared to its average volume of 57,671,145. The company has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a 50-day moving average price of $234.97 and a 200 day moving average price of $225.70. 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 Inc. has a 12-month low of $164.07 and a 12-month high of $255.00.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 company had revenue of $94.93 billion during 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 firm's revenue was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple's dividend payout ratio (DPR) is currently 16.45%.
Analyst Ratings Changes
Several analysts have commented on AAPL shares. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of Apple in a research note on Friday, November 29th. Citigroup lifted their price objective on Apple to $185.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Bank of America upped their target price on shares of Apple to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Monness Crespi & Hardt reiterated a "buy" rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Two investment 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $236.78.
Read Our Latest Stock Analysis on Apple
Insiders Place Their Bets
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 shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the firm'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 completion of the sale, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock valued at $117,004,745 in the last three months. Corporate insiders own 0.06% of the company's stock.
About Apple
(
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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