Apple Inc. (NASDAQ:AAPL) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 123,029 shares of the iPhone maker’s stock after selling 3,403 shares during the period. Apple accounts for approximately 12.4% of Hoertkorn Richard Charles’ portfolio, making the stock its largest holding. Hoertkorn Richard Charles’ holdings in Apple were worth $28,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Cordant Inc. increased its position in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares during the last quarter. Hoese & Co LLP boosted its stake in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new stake in shares of Apple in the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AAPL shares. Maxim Group increased their target price on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Wells Fargo & Company raised their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Bank of America upped their price objective on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.78.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,170 shares of company stock worth $117,004,745 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $254.49 on Friday. 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. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $234.97 and its 200-day moving average is $225.70. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $255.00.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 analysts’ expectations of $94.52 billion. During the same period last year, the business earned $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

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

Apple Company 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.