Insight Folios Inc Has $1.23 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Insight Folios Inc lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 3.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,289 shares of the iPhone maker’s stock after selling 202 shares during the period. Insight Folios Inc’s holdings in Apple were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. RDA Financial Network lifted its holdings in shares of Apple by 2.8% during the 2nd quarter. RDA Financial Network now owns 40,786 shares of the iPhone maker’s stock worth $8,590,000 after acquiring an additional 1,124 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in Apple by 15.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 38,082 shares of the iPhone maker’s stock worth $8,021,000 after purchasing an additional 5,077 shares during the period. NBC Securities Inc. boosted its holdings in Apple by 0.7% during the second quarter. NBC Securities Inc. now owns 189,197 shares of the iPhone maker’s stock valued at $39,848,000 after purchasing an additional 1,285 shares in the last quarter. Burkett Financial Services LLC boosted its holdings in Apple by 0.9% during the second quarter. Burkett Financial Services LLC now owns 14,024 shares of the iPhone maker’s stock valued at $2,954,000 after purchasing an additional 126 shares in the last quarter. Finally, Greenfield Savings Bank grew its stake in shares of Apple by 0.5% in the 2nd quarter. Greenfield Savings Bank now owns 68,568 shares of the iPhone maker’s stock valued at $14,442,000 after purchasing an additional 338 shares during the period. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the topic of several recent analyst reports. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. Wedbush lifted their target price on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday. Rosenblatt Securities increased their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.47.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $255.59 on Friday. 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 $260.10. The firm has a market cap of $3.86 trillion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm’s fifty day moving average is $237.41 and its 200-day moving average is $227.65.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 EPS. Sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given 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 0.39%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by 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.