Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Spreng Capital Management Inc.

Spreng Capital Management Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,869 shares of the iPhone maker’s stock after selling 3,497 shares during the period. Apple comprises 5.7% of Spreng Capital Management Inc.’s portfolio, making the stock its 3rd largest position. Spreng Capital Management Inc.’s holdings in Apple were worth $6,477,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AAPL. Wealthspire Advisors LLC increased its position in Apple by 42.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after purchasing an additional 89,865 shares during the period. Emerald Advisors LLC increased its position in shares of Apple by 2.4% during the second 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 during the period. Eagle Bay Advisors LLC raised its stake in Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after buying an additional 6,735 shares in the last quarter. Callan Capital LLC lifted its holdings in Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after buying an additional 1,322 shares during the period. Finally, Sageworth Trust Co boosted 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 acquiring an additional 3,482 shares in the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 2.4 %

AAPL opened at $141.11 on Tuesday. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The firm’s 50 day simple moving average is $138.57 and its two-hundred day simple moving average is $148.14. 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 capitalization of $2.23 trillion, a PE ratio of 23.09, a PEG ratio of 1.78 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $90.15 billion for 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%. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is 15.06%.

Insider Buying and Selling at Apple

In other news, CFO Luca Maestri sold 176,299 shares of the 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 completion of the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value 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 approximately $17,259,454.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup reissued a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Wedbush lowered their price objective on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Sanford C. Bernstein reduced their target price on shares of Apple from $170.00 to $125.00 in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Apple from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Monday. Finally, Bank of America cut their price objective on shares of Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $166.44.

About Apple

(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.

Read More

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.