Artemis Wealth Advisors LLC Sells 183 Shares of Apple Inc. (NASDAQ:AAPL)

Artemis Wealth Advisors LLC reduced its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,137 shares of the iPhone maker’s stock after selling 183 shares during the period. Apple accounts for approximately 1.5% of Artemis Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Artemis Wealth Advisors LLC’s holdings in Apple were worth $5,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd boosted its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares in the last quarter. Markel Corp grew its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the last quarter. Camden Capital LLC increased its holdings in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after buying an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC lifted its position in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the last quarter. 57.60% of the stock is currently owned by institutional investors.

Apple Price Performance

NASDAQ AAPL opened at $135.27 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company has a fifty day simple moving average of $138.95 and a 200 day simple moving average of $148.10. 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 company has a market cap of $2.14 trillion, a P/E ratio of 22.14, a P/E/G ratio of 1.74 and a beta of 1.24.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly 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. The company had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. During the same period in the prior year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 6.19 EPS for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Barclays cut their target price on Apple from $144.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 11th. Credit Suisse Group reissued a “buy” rating and issued a $184.00 target price on shares of Apple in a research report on Wednesday. Fundamental Research raised their price objective on shares of Apple to $168.50 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Canaccord Genuity Group decreased their target price on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.04.

Insider Transactions at Apple

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

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.