Apple Inc. (NASDAQ:AAPL) Holdings Reduced by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,004 shares of the iPhone maker's stock after selling 3,263 shares during the quarter. Apple comprises approximately 12.9% of Sandbox Financial Partners LLC's portfolio, making the stock its biggest holding. Sandbox Financial Partners LLC's holdings in Apple were worth $36,582,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Swedbank AB bought a new stake in shares of Apple during the first quarter valued at about $3,026,492,000. Strategic Financial Concepts LLC lifted its stake in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after purchasing an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker's stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares during the period. Lazard Asset Management LLC grew its position in shares of Apple by 161.2% during the 1st quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker's stock valued at $1,502,068,000 after purchasing an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Apple in the second quarter worth $834,368,000. Hedge funds and other institutional investors own 60.41% of the company's stock.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares of the company's stock, valued at $42,309,126.60. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. TD Cowen raised their target price on shares of Apple from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Melius Research reissued a "buy" rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. Wedbush reissued an "outperform" rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Finally, Evercore ISI reiterated a "buy" rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $235.25.

Apple Trading Up 0.6 %

Shares of NASDAQ:AAPL traded up $1.35 on Friday, hitting $229.87. The company had a trading volume of 38,168,252 shares, compared to its average volume of 43,855,068. The firm's 50-day simple moving average is $227.73 and its two-hundred day simple moving average is $218.06. The firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 during the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the business posted $1.46 earnings per share. Apple's quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple's dividend payout ratio (DPR) is 16.45%.

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.