Apple Inc. (NASDAQ:AAPL) Shares Sold by Investment Advisory Group LLC

Investment Advisory Group LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,175 shares of the iPhone maker’s stock after selling 259 shares during the quarter. Apple makes up approximately 2.9% of Investment Advisory Group LLC’s portfolio, making the stock its 8th largest position. Investment Advisory Group LLC’s holdings in Apple were worth $4,170,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAPL. Ramsey Quantitative Systems bought a new position in shares of Apple in the second quarter worth $55,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Apple in the third quarter worth $55,000. HBC Financial Services PLLC increased its position in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Newfound Research LLC bought a new position in shares of Apple in the third quarter worth $67,000. Finally, Emerson Wealth LLC increased its position in shares of Apple by 27.0% in the second quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 110 shares during the period. Institutional investors own 57.60% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the business’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 value of $3,004,144.00. Following the sale, the insider now 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. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent analyst reports. Canaccord Genuity Group decreased their price target on Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Sanford C. Bernstein decreased their price target on Apple from $170.00 to $125.00 in a research report on Monday, January 9th. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, DA Davidson decreased their target price on Apple to $167.00 in a research report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

Apple Trading Up 1.9 %

Shares of AAPL stock opened at $137.87 on Friday. The company has a market cap of $2.18 trillion, a P/E ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24. The stock has a 50 day simple moving average of $138.72 and a two-hundred day simple moving average of $148.09. 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 fifty-two week low of $124.17 and a fifty-two week high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Research analysts forecast that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced 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 was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.67%. Apple’s payout ratio is currently 15.06%.

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.