Apple Inc. (NASDAQ:AAPL) Shares Sold by Detalus Advisors LLC

Detalus Advisors LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,138 shares of the iPhone maker’s stock after selling 68 shares during the period. Apple comprises 1.6% of Detalus Advisors LLC’s portfolio, making the stock its 13th largest holding. Detalus Advisors LLC’s holdings in Apple were worth $4,925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Apple during the first quarter valued at $3,026,492,000. Strategic Financial Concepts LLC raised 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 valued at $1,603,000 after purchasing an additional 7,558,826 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Apple in the 2nd quarter valued at about $834,368,000. Ameriprise Financial Inc. boosted its stake in shares of Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock worth $10,909,457,000 after purchasing an additional 3,245,281 shares during the last quarter. Finally, Tairen Capital Ltd purchased a new stake in shares of Apple during the second quarter worth about $588,952,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

Shares of AAPL opened at $254.49 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $255.00. The stock has a 50-day moving average price of $234.97 and a 200 day moving average price of $225.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.85 trillion, a P/E ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $94.52 billion. During the same period in the prior year, the business posted $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insider Transactions at Apple

In other Apple 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 transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 508,170 shares of company stock valued at $117,004,745. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. Tigress Financial lifted their target price on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Tuesday, December 10th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Friday, December 13th. Maxim Group upped 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. Finally, Barclays decreased their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

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.