Apple Inc. (NASDAQ:AAPL) is Teamwork Financial Advisors LLC’s Largest Position

Teamwork Financial Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 254,244 shares of the iPhone maker’s stock after acquiring an additional 10,385 shares during the period. Apple accounts for approximately 8.2% of Teamwork Financial Advisors LLC’s holdings, making the stock its biggest position. Teamwork Financial Advisors LLC’s holdings in Apple were worth $59,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. Hoese & Co LLP boosted its position in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. acquired a new position in shares of Apple in the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in shares of Apple in the second quarter worth approximately $208,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the 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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last ninety days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAPL. Barclays dropped their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Maxim Group increased their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Monday, November 25th. Loop Capital dropped their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Moffett Nathanson reduced their price target on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Apple Stock Performance

NASDAQ:AAPL opened at $246.75 on Tuesday. The firm’s 50-day moving average is $230.80 and its 200-day moving average is $222.26. The company has a market cap of $3.73 trillion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.38 and a beta of 1.23. 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 52-week low of $164.07 and a 52-week high of $247.24.

Apple (NASDAQ:AAPL) last released its earnings results 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 business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is 16.45%.

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.