Apple Inc. (NASDAQ:AAPL) Shares Sold by Divergent Planning LLC

Divergent Planning LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,467 shares of the iPhone maker’s stock after selling 141 shares during the period. Apple makes up about 0.8% of Divergent Planning LLC’s investment portfolio, making the stock its 11th biggest position. Divergent Planning LLC’s holdings in Apple were worth $2,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Salvus Wealth Management LLC grew its holdings in Apple by 11.5% during the 3rd quarter. Salvus Wealth Management LLC now owns 26,693 shares of the iPhone maker’s stock valued at $6,219,000 after buying an additional 2,755 shares during the last quarter. Platte River Wealth Advisors LLC grew its holdings in Apple by 0.8% during the 3rd quarter. Platte River Wealth Advisors LLC now owns 64,444 shares of the iPhone maker’s stock valued at $15,015,000 after buying an additional 521 shares during the last quarter. Kwmg LLC grew its holdings in Apple by 0.8% during the 3rd quarter. Kwmg LLC now owns 24,734 shares of the iPhone maker’s stock valued at $5,763,000 after buying an additional 189 shares during the last quarter. Value Partners Investments Inc. grew its holdings in Apple by 6.8% during the 3rd quarter. Value Partners Investments Inc. now owns 4,294 shares of the iPhone maker’s stock valued at $1,001,000 after buying an additional 274 shares during the last quarter. Finally, MKT Advisors LLC grew its holdings in Apple by 1.8% during the 3rd quarter. MKT Advisors LLC now owns 12,872 shares of the iPhone maker’s stock valued at $2,919,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Barclays lowered their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. UBS Group increased their target price on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. Tigress Financial increased their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.25.

Apple Stock Performance

Shares of AAPL stock opened at $229.87 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. The company’s fifty day moving average price is $227.73 and its two-hundred day moving average price is $217.81.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, research 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 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 is currently 16.45%.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 in the last quarter. 0.06% of the stock is owned by corporate 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.