Invesco LLC Sells 286 Shares of Apple Inc. (NASDAQ:AAPL)

Invesco LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 53,247 shares of the iPhone maker’s stock after selling 286 shares during the quarter. Apple accounts for approximately 4.9% of Invesco LLC’s investment portfolio, making the stock its 4th biggest holding. Invesco LLC’s holdings in Apple were worth $12,407,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fullcircle Wealth LLC increased its stake in Apple by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 26,597 shares of the iPhone maker’s stock valued at $6,208,000 after purchasing an additional 312 shares during the last quarter. BluePath Capital Management LLC grew its position in shares of Apple by 2.5% in the 3rd quarter. BluePath Capital Management LLC now owns 14,430 shares of the iPhone maker’s stock valued at $3,362,000 after buying an additional 352 shares during the last quarter. Visionary Horizons LLC raised its stake in Apple by 4.0% during the 3rd quarter. Visionary Horizons LLC now owns 5,125 shares of the iPhone maker’s stock worth $1,194,000 after acquiring an additional 196 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Apple by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 241,004 shares of the iPhone maker’s stock valued at $55,614,000 after acquiring an additional 3,275 shares during the last quarter. Finally, Phillips Wealth Planners LLC boosted its stake in Apple by 4.7% in the third quarter. Phillips Wealth Planners LLC now owns 5,681 shares of the iPhone maker’s stock valued at $1,317,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AAPL. Moffett Nathanson reduced their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Wedbush boosted their price objective on Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, December 26th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities upped their price target on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.03.

Insider Buying and Selling at Apple

In other Apple news, 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % 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, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.2 %

Shares of AAPL opened at $243.36 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company’s fifty day moving average is $238.91 and its two-hundred day moving average is $228.87. The firm has a market cap of $3.68 trillion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results 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. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 earnings per share. 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. Investors of record on Monday, November 11th were issued 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 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.