Everpar Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 31.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,105 shares of the iPhone maker's stock after selling 14,316 shares during the quarter. Apple comprises 3.7% of Everpar Advisors LLC's portfolio, making the stock its 2nd largest position. Everpar Advisors LLC's holdings in Apple were worth $7,247,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Granite Investment Partners LLC raised its stake in Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after buying an additional 7,606 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after acquiring an additional 126,210 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock worth $406,099,000 after purchasing an additional 95,235 shares during the last quarter. Bellwether Advisors LLC boosted its stake in Apple by 387.3% in the 2nd 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 in the last quarter. Finally, Gentry Private Wealth LLC purchased a new stake in Apple during the 2nd quarter valued at about $876,000. Institutional investors own 60.41% of the company's stock.
Apple Trading Up 0.6 %
Shares of Apple stock traded up $1.33 during trading on Friday, hitting $229.85. The stock had a trading volume of 4,135,982 shares, compared to its average volume of 58,095,512. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm's fifty day simple moving average is $227.59 and its 200-day simple moving average is $217.47. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a market cap of $3.47 trillion, a PE 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 (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. As a group, sell-side analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently announced 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 of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple's dividend payout ratio (DPR) is presently 16.45%.
Insider Buying and Selling at Apple
In related news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, 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 position. 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 business'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 sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last quarter. Insiders own 0.06% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on AAPL shares. KeyCorp downgraded shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. Morgan Stanley reiterated an "overweight" rating and set a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. Rosenblatt Securities boosted their price target on Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Loop Capital reduced their price objective on Apple from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, Raymond James upped their target price on shares of Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.25.
View Our Latest Stock Report on AAPL
Apple Company Profile
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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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