Apple Inc. (NASDAQ:AAPL) Stock Position Trimmed by Hoertkorn Richard Charles

Hoertkorn Richard Charles cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,029 shares of the iPhone maker's stock after selling 3,403 shares during the quarter. Apple accounts for about 12.4% of Hoertkorn Richard Charles' portfolio, making the stock its largest position. Hoertkorn Richard Charles' holdings in Apple were worth $28,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hershey Financial Advisers LLC acquired a new position in shares of Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after acquiring an additional 144 shares during the last quarter. Cordant Inc. increased its position in 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 acquiring an additional 173 shares during the period. Hoese & Co LLP raised its stake in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after acquiring an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new position in shares of Apple during the second quarter valued at $206,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock valued at $117,004,745 over the last three months. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL stock traded up $4.70 on Friday, hitting $254.49. 145,580,875 shares of the stock were exchanged, compared to its average volume of 57,671,145. The firm's 50 day moving average is $234.97 and its two-hundred day moving average is $225.70. Apple Inc. has a one year low of $164.07 and a one year high of $255.00. The firm has a market capitalization of $3.85 trillion, a PE ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share 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 was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple's dividend payout ratio is currently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. Loop Capital decreased 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. Monness Crespi & Hardt reissued a "buy" rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Bank of America lifted their price objective on Apple to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Apple from a "buy" rating to a "hold" rating and increased their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, StockNews.com downgraded shares of Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $236.78.

Apple Company Profile

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.