Clear Creek Financial Management LLC Sells 1,872 Shares of Apple Inc. (NASDAQ:AAPL)

Clear Creek Financial Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,454 shares of the iPhone maker’s stock after selling 1,872 shares during the period. Apple comprises about 1.4% of Clear Creek Financial Management LLC’s holdings, making the stock its 13th largest holding. Clear Creek Financial Management LLC’s holdings in Apple were worth $6,420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted 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 acquiring an additional 89,865 shares during the last quarter. Emerald Advisors LLC raised its position in Apple by 2.4% during the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares during the last quarter. Eagle Bay Advisors LLC raised its position in Apple by 35.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 6,735 shares during the last quarter. Callan Capital LLC raised its position in Apple by 1.6% during the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Sageworth Trust Co raised its position in Apple by 150.3% during the 2nd quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after purchasing an additional 3,482 shares during the last quarter. Institutional investors own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. UBS Group set a $180.00 price target on Apple in a research report on Thursday, January 12th. Wedbush reduced their target price on Apple from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, January 4th. National Bank Financial reduced their target price on Apple to $54.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson reduced their target price on Apple to $167.00 in a report on Thursday, December 1st. Finally, KeyCorp reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

Apple Price Performance

Shares of Apple stock opened at $137.87 on Monday. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The stock’s fifty day moving average is $138.72 and its 200 day moving average is $148.18. The stock has a market cap of $2.18 trillion, a P/E ratio of 22.56, a P/E/G ratio of 1.78 and a beta of 1.24. 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 (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 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 company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period last year, the firm earned $1.24 EPS. Apple’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date of this dividend 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 presently 15.06%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 20,200 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Apple news, insider Chris Kondo sold 20,200 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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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