Inscription Capital LLC Has $31.02 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Inscription Capital LLC lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,124 shares of the iPhone maker's stock after selling 4,596 shares during the period. Apple makes up approximately 4.6% of Inscription Capital LLC's holdings, making the stock its 3rd biggest position. Inscription Capital LLC's holdings in Apple were worth $31,018,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. High Net Worth Advisory Group LLC boosted its position in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Granite Investment Partners LLC lifted its stake in shares of Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock worth $60,958,000 after buying an additional 7,606 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock worth $1,473,224,000 after buying an additional 126,210 shares during the period. Sterling Investment Counsel LLC grew its stake in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after buying an additional 2,565 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock valued at $406,099,000 after buying an additional 95,235 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ AAPL traded down $3.43 during mid-day trading on Friday, hitting $255.59. 42,297,621 shares of the stock were exchanged, compared to its average volume of 57,290,680. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock's fifty day simple moving average is $237.41 and its two-hundred day simple moving average is $227.89. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.86 trillion, a P/E ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 firm had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. During the same period last year, the firm posted $1.46 EPS. The business's revenue was up 6.1% on a year-over-year basis. As a group, analysts forecast 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.39%. Apple's dividend payout ratio (DPR) is presently 16.45%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Wedbush upped their price target on shares of Apple from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Thursday. Evercore ISI reissued a "buy" rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Oppenheimer reaffirmed a "buy" rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price target on Apple to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $273.00 price objective on shares of Apple in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $237.47.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. The trade was a 20.41 % 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 over the last ninety days. 0.06% of the stock is owned by insiders.

Apple 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.