Apple Inc. (NASDAQ:AAPL) Stake Trimmed by Marino Stram & Associates LLC

Marino Stram & Associates LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,477 shares of the iPhone maker’s stock after selling 893 shares during the period. Apple makes up approximately 2.5% of Marino Stram & Associates LLC’s holdings, making the stock its 8th largest holding. Marino Stram & Associates LLC’s holdings in Apple were worth $8,471,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAPL. Little House Capital LLC increased its holdings in shares of Apple by 5.2% in the third quarter. Little House Capital LLC now owns 88,061 shares of the iPhone maker’s stock worth $15,077,000 after buying an additional 4,347 shares during the period. Mainsail Financial Group LLC increased its holdings in shares of Apple by 10.1% in the third quarter. Mainsail Financial Group LLC now owns 6,175 shares of the iPhone maker’s stock worth $1,073,000 after buying an additional 568 shares during the period. Blodgett Wealth Advisors LLC increased its holdings in shares of Apple by 0.5% in the third quarter. Blodgett Wealth Advisors LLC now owns 71,083 shares of the iPhone maker’s stock worth $12,170,000 after buying an additional 342 shares during the period. MorganRosel Wealth Management LLC increased its holdings in shares of Apple by 51.0% in the third quarter. MorganRosel Wealth Management LLC now owns 10,396 shares of the iPhone maker’s stock worth $1,780,000 after buying an additional 3,511 shares during the period. Finally, Bellwether Advisors LLC increased its holdings in shares of Apple by 14.3% in the third quarter. Bellwether Advisors LLC now owns 5,124 shares of the iPhone maker’s stock worth $877,000 after buying an additional 640 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on AAPL shares. KeyCorp reissued a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Tigress Financial raised their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 16th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. Barclays cut their target price on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research note on Friday, February 2nd. Finally, Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.72.

Check Out Our Latest Stock Analysis on Apple

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction 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 approximately $55,365,688.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the sale, the insider now directly owns 29,174 shares in the company, valued at approximately $5,601,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction 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 disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $188.32 on Friday. Apple Inc. has a twelve month low of $143.90 and a twelve month high of $199.62. The firm has a market cap of $2.91 trillion, a P/E ratio of 29.33, a PEG ratio of 2.27 and a beta of 1.31. The company has a 50 day moving average of $190.56 and a 200 day moving average of $184.21. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple Dividend Announcement

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 dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. Apple’s dividend payout ratio is presently 14.95%.

Apple Company 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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