Factorial Partners LLC Sells 700 Shares of Apple Inc. (NASDAQ:AAPL)

Factorial Partners LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.5% during the 2nd quarter, Holdings Channel reports. The fund owned 27,360 shares of the iPhone maker’s stock after selling 700 shares during the quarter. Apple makes up about 3.0% of Factorial Partners LLC’s investment portfolio, making the stock its 3rd largest position. Factorial Partners LLC’s holdings in Apple were worth $3,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Unigestion Holding SA grew its holdings in Apple by 3.2% during the second quarter. Unigestion Holding SA now owns 502,223 shares of the iPhone maker’s stock worth $68,665,000 after acquiring an additional 15,803 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in Apple by 14.6% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,261,884 shares of the iPhone maker’s stock valued at $116,652,990,000 after purchasing an additional 160,394 shares during the period. Oakwell Private Wealth Management LLC grew its holdings in Apple by 3.8% in the second quarter. Oakwell Private Wealth Management LLC now owns 8,928 shares of the iPhone maker’s stock valued at $1,221,000 after purchasing an additional 325 shares during the period. Camden Capital LLC grew its holdings in Apple by 14.3% in the second quarter. Camden Capital LLC now owns 178,791 shares of the iPhone maker’s stock valued at $24,448,000 after purchasing an additional 22,427 shares during the period. Finally, My Personal CFO LLC grew its holdings in Apple by 3.5% in the second quarter. My Personal CFO LLC now owns 25,455 shares of the iPhone maker’s stock valued at $3,480,000 after purchasing an additional 866 shares during the period. 57.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,851 shares of company stock valued at $56,707,789. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on AAPL shares. Monness Crespi & Hardt started coverage on Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price objective on the stock. Morgan Stanley dropped their price objective on Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, November 8th. UBS Group set a $180.00 price objective on Apple in a report on Wednesday. Citigroup restated a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, Robert W. Baird decreased their target price on Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Price Performance

NASDAQ:AAPL opened at $151.07 on Thursday. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.89 and a beta of 1.25. The stock’s fifty day moving average is $146.70 and its two-hundred day moving average is $149.66.

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

Apple Dividend Announcement

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

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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