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General Partner Inc. Has $18.44 Million Position in Apple Inc. (NASDAQ:AAPL)

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General Partner Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,158 shares of the iPhone maker's stock after selling 7,275 shares during the quarter. Apple accounts for about 11.5% of General Partner Inc.'s portfolio, making the stock its 2nd largest position. General Partner Inc.'s holdings in Apple were worth $18,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Praetorian Wealth Management Inc. boosted its holdings in shares of Apple by 3.2% in the 3rd quarter. Praetorian Wealth Management Inc. now owns 18,947 shares of the iPhone maker's stock valued at $4,415,000 after purchasing an additional 594 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in shares of Apple by 4.6% during the third quarter. Abacus Planning Group Inc. now owns 62,490 shares of the iPhone maker's stock valued at $14,560,000 after acquiring an additional 2,769 shares during the period. Waller Financial Planning Group Inc. increased its stake in Apple by 15.5% in the 3rd quarter. Waller Financial Planning Group Inc. now owns 17,534 shares of the iPhone maker's stock valued at $4,085,000 after buying an additional 2,356 shares during the period. McAlister Sweet & Associates Inc. grew its position in Apple by 2.9% in the third quarter. McAlister Sweet & Associates Inc. now owns 30,477 shares of the iPhone maker's stock worth $7,101,000 after acquiring an additional 849 shares in the last quarter. Finally, Doliver Advisors LP boosted its holdings in Apple by 4.4% in the 3rd quarter. Doliver Advisors LP now owns 25,930 shares of the iPhone maker's stock valued at $6,042,000 after purchasing an additional 1,094 shares during the period. Hedge funds and other institutional investors own 60.41% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Jefferies Financial Group lowered shares of Apple from a "buy" rating to a "hold" rating and increased their price objective for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Piper Sandler reissued a "neutral" rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Raymond James upped their price objective on Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Rosenblatt Securities increased their target price on Apple from $261.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.25.

Read Our Latest Report on Apple

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.6 %

AAPL traded down $1.27 on Wednesday, hitting $227.01. 14,730,447 shares of the company were exchanged, compared to its average volume of 58,315,543. The stock's fifty day moving average is $227.34 and its 200-day moving average is $217.31. The company has a market cap of $3.43 trillion, a PE ratio of 37.33, a PEG ratio of 2.20 and a beta of 1.24. 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 Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $94.93 billion during 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 period last year, the company posted $1.46 EPS. Equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple's payout ratio is presently 16.45%.

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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