YHB Investment Advisors Inc. Has $83.20 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

YHB Investment Advisors Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 357,094 shares of the iPhone maker's stock after selling 4,294 shares during the quarter. Apple comprises approximately 6.9% of YHB Investment Advisors Inc.'s holdings, making the stock its largest holding. YHB Investment Advisors Inc.'s holdings in Apple were worth $83,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. High Net Worth Advisory Group LLC boosted its position in shares of Apple by 1.7% in 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 buying an additional 1,066 shares during the period. Granite Investment Partners LLC increased its stake in Apple by 2.7% during the 2nd 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 period. Truist Financial Corp increased its stake in 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 lifted its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after buying an additional 2,565 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position 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 and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock worth $117,004,745 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 1.9 %

Shares of AAPL stock traded up $4.70 during trading hours on Friday, reaching $254.49. 145,580,875 shares of the stock traded hands, compared to its average volume of 57,671,145. The business has a fifty day moving average price of $234.97 and a 200 day moving average price of $225.70. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $255.00. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.85 trillion, a PE ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) 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 company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple's dividend payout ratio is presently 16.45%.

Wall Street Analyst Weigh In

Several research firms recently commented on AAPL. Monness Crespi & Hardt reiterated a "buy" rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 target price on shares of Apple in a research report on Friday, November 29th. Maxim Group raised their price target on shares of Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. New Street Research reaffirmed a "neutral" rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Finally, Moffett Nathanson cut their target price on shares of Apple from $211.00 to $202.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $236.78.

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.