Helen Stephens Group LLC Sells 106 Shares of Apple Inc. (NASDAQ:AAPL)

Helen Stephens Group LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,960 shares of the iPhone maker’s stock after selling 106 shares during the quarter. Apple accounts for approximately 1.3% of Helen Stephens Group LLC’s investment portfolio, making the stock its 19th biggest holding. Helen Stephens Group LLC’s holdings in Apple were worth $2,561,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC acquired a new position in shares of Apple in the first quarter worth about $30,000. Cheyne Capital Management UK LLP raised its position in shares of Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares during the last quarter. West Tower Group LLC acquired a new position in shares of Apple during the 2nd quarter worth about $64,000. HBC Financial Services PLLC raised its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the last quarter. Finally, Clear Perspectives Financial Planning LLC raised its holdings in Apple by 27.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock valued at $172,000 after acquiring an additional 211 shares during the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction on 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 transaction, 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 owned by company insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $188.85 on Friday. The company’s fifty day moving average price is $190.51 and its 200 day moving average price is $184.18. Apple Inc. has a 12 month low of $143.90 and a 12 month high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $2.92 trillion, a P/E ratio of 29.42, a P/E/G ratio of 2.28 and a beta of 1.31.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period last year, the business earned $1.88 EPS. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on AAPL shares. Tigress Financial increased their price objective on shares of Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday, November 16th. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, January 30th. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.72.

View Our Latest Research Report on Apple

About Apple

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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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