Apple Inc. (NASDAQ:AAPL) Holdings Lessened by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,947 shares of the iPhone maker's stock after selling 2,413 shares during the quarter. Apple makes up about 3.0% of EverSource Wealth Advisors LLC's holdings, making the stock its 4th largest position. EverSource Wealth Advisors LLC's holdings in Apple were worth $47,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc increased its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC bought a new stake in Apple in the third quarter worth about $110,000. Finally, Cordant Inc. boosted its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after acquiring an additional 173 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company's stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. UBS Group reiterated a "neutral" rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Barclays dropped their target price on Apple from $184.00 to $183.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 target price on shares of Apple in a report on Tuesday, January 21st. Wedbush reaffirmed an "outperform" rating and issued a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $262.00 price objective on shares of Apple in a report on Monday. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $238.05.

Apple Stock Down 0.7 %

Shares of Apple stock traded down $1.74 during midday trading on Thursday, hitting $237.62. The company had a trading volume of 32,786,231 shares, compared to its average volume of 56,478,961. The company has a 50 day moving average of $241.37 and a 200 day moving average of $230.81. The stock has a market capitalization of $3.57 trillion, a P/E ratio of 39.08, a P/E/G ratio of 2.19 and a beta of 1.20. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

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

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.