Apple Inc. (NASDAQ:AAPL) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,562 shares of the iPhone maker’s stock after selling 6,093 shares during the quarter. Apple comprises about 4.8% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 4th biggest position. Lee Danner & Bass Inc.’s holdings in Apple were worth $52,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. IFM Investors Pty Ltd lifted its stake in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp lifted its stake in shares of Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Camden Capital LLC lifted its stake in shares of Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC lifted its stake in shares of Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,806 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the sale, the insider now directly owns 34,687 shares in the company, valued at $6,383,795.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the sale, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,806 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the sale, the insider now owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,767 shares of company stock worth $25,248,740. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, January 30th. Jefferies Financial Group dropped their target price on Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. DA Davidson initiated coverage on Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Research Report on AAPL

Apple Stock Performance

Shares of NASDAQ AAPL opened at $189.30 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a 50 day simple moving average of $190.59 and a 200-day simple moving average of $184.14. The company has a market cap of $2.93 trillion, a PE ratio of 29.49, a P/E/G ratio of 2.23 and a beta of 1.31. Apple Inc. has a 12-month low of $143.90 and a 12-month high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 6.57 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. Apple’s dividend payout ratio is presently 14.95%.

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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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