Sather Financial Group Inc Trims Stock Position in Apple Inc. (NASDAQ:AAPL)

Sather Financial Group Inc decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,842 shares of the iPhone maker’s stock after selling 884 shares during the quarter. Apple makes up about 0.5% of Sather Financial Group Inc’s holdings, making the stock its 25th largest position. Sather Financial Group Inc’s holdings in Apple were worth $4,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bluestem Financial Advisors LLC raised its stake in shares of Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the last quarter. HBC Financial Services PLLC increased its stake in Apple by 21.7% in the 1st 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 period. Ramsey Quantitative Systems purchased a new position in Apple during the 2nd quarter worth $55,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Apple in the 3rd quarter worth $55,000. Finally, Newfound Research LLC purchased a new stake in shares of Apple in the third quarter valued at about $67,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AAPL shares. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Wedbush reduced their price target on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, January 4th. Bank of America dropped their price objective on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. Robert W. Baird decreased their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Citigroup reiterated a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $170.34.

Insider Buying and Selling

In related news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on 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 $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Luca Maestri sold 176,299 shares of the 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 completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $135.21 on Thursday. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.74 and a beta of 1.24. 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 Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company’s 50 day simple moving average is $139.18 and its 200 day simple moving average is $148.28.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (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 analysts’ expectations of $88.77 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Apple’s payout ratio is currently 15.06%.

About Apple

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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