Apple Inc. (NASDAQ:AAPL) Shares Sold by Biechele Royce Advisors

Biechele Royce Advisors lowered its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.0% in the second quarter, HoldingsChannel.com reports. The fund owned 115,521 shares of the iPhone maker’s stock after selling 1,193 shares during the quarter. Apple comprises about 7.0% of Biechele Royce Advisors’ investment portfolio, making the stock its biggest holding. Biechele Royce Advisors’ holdings in Apple were worth $15,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Spence Asset Management acquired a new position in shares of Apple in the second quarter valued at approximately $49,000. HBC Financial Services PLLC raised its position in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the last quarter. Emerson Wealth LLC raised its position in shares of Apple by 27.0% in the second quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock valued at $71,000 after buying an additional 110 shares during the last quarter. Darrow Company Inc. acquired a new position in shares of Apple in the second quarter valued at approximately $107,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Apple in the first quarter valued at approximately $171,000. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AAPL shares. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Wedbush lowered their target price on shares of Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Morgan Stanley lowered their target price on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, November 8th. Evercore ISI boosted their target price on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Stock Up 0.6 %

Shares of NASDAQ:AAPL opened at $151.07 on Thursday. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94. The company’s fifty day moving average is $146.70 and its two-hundred day moving average is $149.66. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 380,851 shares of company stock worth $56,707,789. Insiders own 0.06% of the company’s stock.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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