PSI Advisors LLC Has $5.83 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

PSI Advisors LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,205 shares of the iPhone maker’s stock after selling 2,300 shares during the quarter. Apple makes up approximately 3.1% of PSI Advisors LLC’s holdings, making the stock its 5th biggest position. PSI Advisors LLC’s holdings in Apple were worth $5,833,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AAPL. Bluestem Financial Advisors LLC grew its stake in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 229,929 shares in the last quarter. CFS Investment Advisory Services LLC grew its stake in shares of Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after buying an additional 7,416,445 shares in the last quarter. Spence Asset Management bought a new position in shares of Apple in the second quarter valued at $49,000. HBC Financial Services PLLC grew its stake 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 in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Apple in the second quarter valued at $55,000. 57.60% of the stock is owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $134.76 on Friday. The stock has a market cap of $2.14 trillion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock’s 50-day moving average is $139.33 and its 200-day moving average is $148.18. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold a total of 204,552 shares of company stock valued at $31,645,123 over the last ninety days. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AAPL shares. Credit Suisse Group set a $184.00 price target on Apple in a report on Wednesday, January 4th. Morgan Stanley cut their price target on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, November 8th. Fundamental Research raised their price target on Apple to $168.50 and gave the company a “buy” rating in a report on Tuesday, November 8th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, BNP Paribas downgraded Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.22.

Apple Profile

(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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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