Apple Inc. (NASDAQ:AAPL) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP lessened its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 186,709 shares of the iPhone maker’s stock after selling 1,060 shares during the quarter. Apple makes up approximately 4.4% of Lyell Wealth Management LP’s holdings, making the stock its largest position. Lyell Wealth Management LP’s holdings in Apple were worth $25,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Bluestem Financial Advisors LLC boosted its holdings in 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 purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC lifted its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in shares of Apple in the 2nd quarter valued at $55,000. Morgan Dempsey Capital Management LLC acquired a new stake in Apple during the 3rd quarter worth $55,000. Finally, Newfound Research LLC purchased a new stake in Apple in the third quarter valued at $67,000. 57.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Oppenheimer dropped their price objective on Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, December 12th. Morgan Stanley cut their price target on Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Tuesday, November 8th. Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $189.00 to $160.00 in a research report on Friday, September 30th. Finally, DA Davidson reduced their price target on shares of Apple to $167.00 in a research report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $170.04.

Apple Stock Up 0.0 %

AAPL opened at $135.27 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market cap of $2.14 trillion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.74 and a beta of 1.24. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The business’s fifty day moving average is $138.95 and its two-hundred day moving average is $148.10.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data 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 net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Apple’s dividend payout ratio is currently 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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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