Apple Inc. (NASDAQ:AAPL) Shares Sold by Kooman & Associates

Kooman & Associates trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 8,382 shares of the iPhone maker’s stock after selling 54 shares during the quarter. Apple comprises 0.7% of Kooman & Associates’ portfolio, making the stock its 12th largest holding. Kooman & Associates’ holdings in Apple were worth $1,953,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the second quarter valued at $42,000. Christopher J. Hasenberg Inc boosted its holdings 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 valued at $69,000 after acquiring an additional 144 shares during the period. Cordant Inc. grew 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. Finally, Sage Financial Group Inc. acquired a new stake in shares of Apple in the 2nd quarter worth about $206,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of Apple stock opened at $259.02 on Friday. 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 business has a 50 day moving average of $237.00 and a 200 day moving average of $227.21. The company has a market cap of $3.92 trillion, a PE ratio of 42.60, a P/E/G ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AAPL shares. Citigroup lifted their price target on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays decreased their price target on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wedbush increased their target price on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Tuesday, December 10th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.47.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock valued at $117,004,745 over the last ninety days. Insiders own 0.06% of the company’s stock.

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.