R. W. Roge & Company Inc. Trims Stock Position in Apple Inc. (NASDAQ:AAPL)

R. W. Roge & Company Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,253 shares of the iPhone maker's stock after selling 3,569 shares during the period. Apple comprises approximately 1.9% of R. W. Roge & Company Inc.'s holdings, making the stock its 15th largest holding. R. W. Roge & Company Inc.'s holdings in Apple were worth $3,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC lifted its position in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock valued at $1,603,000 after acquiring an additional 7,558,826 shares during the period. Pathway Financial Advisers LLC boosted its stake in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock worth $1,302,607,000 after acquiring an additional 5,566,250 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Apple in the second quarter worth about $834,368,000. Finally, National Pension Service grew its stake in shares of Apple by 14.0% in the 3rd quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker's stock worth $6,496,738,000 after buying an additional 3,416,922 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $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. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Apple stock traded down $1.74 during mid-day trading on Thursday, hitting $237.62. The stock had a trading volume of 32,786,231 shares, compared to its average volume of 56,478,961. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm 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. The firm's 50 day moving average is $241.37 and its 200 day moving average is $230.81.

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 analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday. Moffett Nathanson reiterated a "sell" rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Wedbush reissued an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday. Finally, Sanford C. Bernstein lifted their target price on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.05.

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.