Integrated Advisors Network LLC Sells 3,384 Shares of Apple Inc. (NASDAQ:AAPL)

Integrated Advisors Network LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,160 shares of the iPhone maker's stock after selling 3,384 shares during the quarter. Apple accounts for approximately 2.8% of Integrated Advisors Network LLC's holdings, making the stock its 3rd biggest position. Integrated Advisors Network LLC's holdings in Apple were worth $60,151,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AAPL. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc boosted its stake 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 in the last quarter. Cordant Inc. raised its stake in shares of 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 buying an additional 173 shares in the last quarter. Finally, Sage Financial Group Inc. bought a new position in shares of Apple during the 2nd quarter worth about $206,000. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. KeyCorp cut 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. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the company a "buy" rating in a research note on Monday, December 9th. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Piper Sandler reiterated a "neutral" rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Finally, Moffett Nathanson cut their price objective on Apple from $211.00 to $202.00 and set a "neutral" rating for the company in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $237.47.

Apple Trading Down 1.3 %

NASDAQ:AAPL traded down $3.39 during mid-day trading on Monday, hitting $252.20. The company had a trading volume of 35,435,137 shares, compared to its average volume of 57,203,777. 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 fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market cap of $3.81 trillion, a P/E ratio of 41.48, a P/E/G ratio of 2.41 and a beta of 1.23. The business's fifty day moving average is $237.41 and its two-hundred day moving average is $227.89.

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 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 business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the firm earned $1.46 EPS. Apple's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is currently 16.45%.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction 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 owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is owned by company insiders.

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.