Apple Inc. (NASDAQ:AAPL) is Patriot Financial Group Insurance Agency LLC’s 4th Largest Position

Patriot Financial Group Insurance Agency LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,673 shares of the iPhone maker’s stock after selling 2,680 shares during the quarter. Apple accounts for 2.3% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 4th largest holding. Patriot Financial Group Insurance Agency LLC’s holdings in Apple were worth $17,166,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc grew its stake 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 purchasing an additional 144 shares in the last quarter. Cordant Inc. grew its holdings in Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares in the last quarter. Finally, Sage Financial Group Inc. purchased a new stake in Apple during the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 1.3 %

AAPL stock opened at $255.59 on Friday. The firm has a 50 day simple moving average of $237.41 and a 200-day simple moving average of $227.79. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, 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.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) 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 business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal 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 paid 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 of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. Barclays lowered their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Loop Capital cut their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. UBS Group reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. Two equities research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $237.47.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last ninety days. Company insiders own 0.06% of the company’s stock.

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.