Apple Inc. (NASDAQ:AAPL) Shares Sold by Brooklyn FI LLC

Brooklyn FI LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,492 shares of the iPhone maker’s stock after selling 96 shares during the period. Brooklyn FI LLC’s holdings in Apple were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Argonautica Private Wealth Management Inc. boosted its stake in shares of Apple by 0.3% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 79,028 shares of the iPhone maker’s stock valued at $18,414,000 after buying an additional 220 shares during the period. Stevens Capital Partners raised its holdings in Apple by 2.4% in the third quarter. Stevens Capital Partners now owns 9,564 shares of the iPhone maker’s stock valued at $2,228,000 after acquiring an additional 222 shares in the last quarter. Sollinda Capital Management LLC raised its holdings in Apple by 6.9% in the third quarter. Sollinda Capital Management LLC now owns 8,715 shares of the iPhone maker’s stock valued at $2,031,000 after acquiring an additional 562 shares in the last quarter. Private Management Group Inc. lifted its stake in Apple by 10.5% in the third quarter. Private Management Group Inc. now owns 20,683 shares of the iPhone maker’s stock worth $4,819,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Apple by 1.4% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,055 shares of the iPhone maker’s stock valued at $3,974,000 after purchasing an additional 240 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Tuesday, December 10th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Wedbush boosted their price objective on shares of Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, December 26th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. 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. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $238.03.

Apple Trading Down 0.2 %

Shares of Apple stock opened at $243.36 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business has a 50 day moving average price of $238.91 and a 200 day moving average price of $228.87. The company has a market capitalization of $3.68 trillion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 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 business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s payout ratio is currently 16.45%.

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.