Apple Inc. (NASDAQ:AAPL) Stock Position Cut by Godsey & Gibb Inc.

Godsey & Gibb Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 179,919 shares of the iPhone maker’s stock after selling 5,541 shares during the quarter. Apple comprises about 19.8% of Godsey & Gibb Inc.’s holdings, making the stock its largest position. Godsey & Gibb Inc.’s holdings in Apple were worth $24,865,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities decreased their price objective on Apple from $189.00 to $165.00 and set a “buy” rating for the company in a report on Friday, January 13th. Citigroup reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. KeyCorp reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. National Bank Financial decreased their price objective on Apple to $54.00 and set an “outperform” rating for the company in a report on Friday. Finally, Canaccord Genuity Group decreased their price objective on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.73.

Apple Stock Up 1.9 %

Shares of NASDAQ:AAPL opened at $137.87 on Friday. The stock’s 50-day moving average price is $138.72 and its two-hundred day moving average price is $148.09. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Insider Activity

In other news, 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of Apple 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 $17,259,454.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Company 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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