Barry Investment Advisors LLC Sells 606 Shares of Apple Inc. (NASDAQ:AAPL)

Barry Investment Advisors LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,807 shares of the iPhone maker’s stock after selling 606 shares during the quarter. Apple accounts for approximately 2.6% of Barry Investment Advisors LLC’s holdings, making the stock its 13th biggest position. Barry Investment Advisors LLC’s holdings in Apple were worth $7,712,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Wealthspire Advisors LLC raised its stake in shares of Apple by 42.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after buying an additional 89,865 shares in the last quarter. Emerald Advisors LLC raised its stake in shares of Apple by 2.4% in the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after buying an additional 465 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of Apple by 35.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Callan Capital LLC increased its position in shares of Apple by 1.6% during the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Sageworth Trust Co increased its position in shares of Apple by 150.3% during the 2nd quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock worth $793,000 after purchasing an additional 3,482 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Chris Kondo sold 20,200 shares of Apple 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 directly owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction that occurred 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 completion of the sale, the chief financial officer now 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 Up 1.9 %

Apple stock opened at $137.87 on Friday. The company’s 50 day simple moving average is $138.72 and its 200 day simple moving average is $148.14. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders 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 yield of 0.67%. Apple’s dividend payout ratio (DPR) is currently 15.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 11th. Wedbush dropped their target price on shares of Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. KeyCorp reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Robert W. Baird dropped their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Citigroup reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $166.73.

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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