Nikulski Financial Inc. Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Nikulski Financial Inc. cut its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,117 shares of the iPhone maker’s stock after selling 180 shares during the period. Apple comprises about 5.8% of Nikulski Financial Inc.’s investment portfolio, making the stock its 2nd largest position. Nikulski Financial Inc.’s holdings in Apple were worth $11,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAPL. Legal & General Group Plc grew its holdings in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Vanguard Group Inc. lifted its stake in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after acquiring an additional 8,716,964 shares during the period. Swiss National Bank lifted its stake in Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after acquiring an additional 8,230,300 shares during the period. Finally, Verity Asset Management Inc. lifted its stake in Apple by 29,097.9% in the first quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock worth $189,000 after acquiring an additional 5,282,726 shares during the period. 57.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’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 owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of Apple 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 owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,552 shares of company stock worth $31,645,123. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.0 %

Shares of NASDAQ:AAPL opened at $134.76 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The business’s 50 day moving average price is $139.33 and its 200-day moving average price is $148.25.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Sanford C. Bernstein lowered their price objective on shares of Apple from $170.00 to $125.00 in a research note on Monday, January 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Evercore ISI increased their price target on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, September 20th. BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Tuesday, January 3rd. Finally, Rosenblatt Securities decreased their price target on shares of Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned 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 target price of $171.22.

Apple Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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