Apple Inc. (NASDAQ:AAPL) Shares Sold by Wooster Corthell Wealth Management Inc.

Wooster Corthell Wealth Management Inc. cut its position in Apple Inc. (NASDAQ:AAPL) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,942 shares of the iPhone maker’s stock after selling 306 shares during the period. Apple accounts for 0.5% of Wooster Corthell Wealth Management Inc.’s investment portfolio, making the stock its 25th largest holding. Wooster Corthell Wealth Management Inc.’s holdings in Apple were worth $2,316,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc grew its stake in shares of 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 during the period. Cordant Inc. increased its holdings in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares in the last quarter. Hoese & Co LLP lifted its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the period. Finally, Sage Financial Group Inc. purchased a new stake in Apple during the second quarter worth about $206,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Bank of America lifted their target price on shares of Apple to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were 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 approximately $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 508,170 shares of company stock worth $117,004,745. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $248.05 on Thursday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $254.28. The firm has a market capitalization of $3.75 trillion, a PE ratio of 40.80, a P/E/G ratio of 2.41 and a beta of 1.23. 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’s fifty day moving average price is $234.01 and its two-hundred day moving average price is $224.89.

Apple (NASDAQ:AAPL) last issued 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. 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 analyst estimates of $94.52 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 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.