First Horizon Advisors Inc. Sells 209 Shares of Apple Inc. (NASDAQ:AAPL)

First Horizon Advisors Inc. lessened its position in Apple Inc. (NASDAQ:AAPLFree Report) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 355,719 shares of the iPhone maker’s stock after selling 209 shares during the quarter. Apple accounts for approximately 2.2% of First Horizon Advisors Inc.’s portfolio, making the stock its 3rd biggest position. First Horizon Advisors Inc.’s holdings in Apple were worth $60,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Flossbach Von Storch AG boosted its position in shares of Apple by 1.2% during the 3rd quarter. Flossbach Von Storch AG now owns 4,879,821 shares of the iPhone maker’s stock worth $835,474,000 after acquiring an additional 59,555 shares in the last quarter. Bray Capital Advisors boosted its position in shares of Apple by 0.8% during the 3rd quarter. Bray Capital Advisors now owns 65,308 shares of the iPhone maker’s stock worth $11,181,000 after acquiring an additional 548 shares in the last quarter. Crestone Asset Management LLC boosted its position in shares of Apple by 31.6% in the 3rd quarter. Crestone Asset Management LLC now owns 11,171 shares of the iPhone maker’s stock valued at $1,913,000 after purchasing an additional 2,685 shares during the period. Financial Futures Ltd Liability Co. boosted its position in shares of Apple by 31.8% in the 3rd quarter. Financial Futures Ltd Liability Co. now owns 2,733 shares of the iPhone maker’s stock valued at $468,000 after purchasing an additional 659 shares during the period. Finally, BSW Wealth Partners boosted its position in shares of Apple by 6.0% in the 3rd quarter. BSW Wealth Partners now owns 99,326 shares of the iPhone maker’s stock valued at $17,005,000 after purchasing an additional 5,614 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird upped their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America raised Apple from a “neutral” rating to a “buy” rating and upped their price objective for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $205.72.

Get Our Latest Analysis on AAPL

Apple Trading Up 0.9 %

Shares of AAPL opened at $189.30 on Wednesday. The firm has a market capitalization of $2.93 trillion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31. Apple Inc. has a twelve month low of $143.90 and a twelve month high of $199.62. The stock’s fifty day simple moving average is $190.59 and its 200 day simple moving average is $184.14. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 6.57 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. Apple’s payout ratio is currently 14.95%.

Insider Buying and Selling at Apple

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

About Apple

(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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