Columbus Macro LLC Trims Position in Apple Inc. (NASDAQ:AAPL)

Columbus Macro LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% in the third quarter, HoldingsChannel.com reports. The fund owned 9,973 shares of the iPhone maker’s stock after selling 263 shares during the period. Columbus Macro LLC’s holdings in Apple were worth $1,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Transform Wealth LLC boosted its position in shares of Apple by 7.2% during the 3rd quarter. Transform Wealth LLC now owns 226,978 shares of the iPhone maker’s stock valued at $31,368,000 after acquiring an additional 15,258 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in shares of Apple by 10.2% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 212,089 shares of the iPhone maker’s stock valued at $29,311,000 after acquiring an additional 19,613 shares during the last quarter. KCS Wealth Advisory boosted its position in shares of Apple by 1.1% during the 3rd quarter. KCS Wealth Advisory now owns 180,202 shares of the iPhone maker’s stock valued at $24,904,000 after acquiring an additional 1,926 shares during the last quarter. Provence Wealth Management Group lifted its position in Apple by 0.6% in the 3rd quarter. Provence Wealth Management Group now owns 15,972 shares of the iPhone maker’s stock worth $2,207,000 after buying an additional 93 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Apple by 11.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 207,717 shares of the iPhone maker’s stock worth $28,706,000 after buying an additional 21,949 shares during the last quarter. Institutional investors own 57.60% of the company’s stock.

Apple Trading Up 1.0 %

Apple stock opened at $134.76 on Monday. 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 business’s fifty day simple moving average is $139.33 and its two-hundred day simple moving average is $148.32. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. 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 payout ratio is currently 15.06%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AAPL shares. Credit Suisse Group set a $184.00 target price on Apple in a research report on Wednesday, January 4th. Morgan Stanley dropped their target price on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. Wedbush dropped their target price on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Needham & Company LLC restated a “buy” rating and issued a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, Citigroup reiterated a “buy” rating and issued a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $171.22.

Insider Activity

In other news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated 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 owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

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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