Apple Inc. (NASDAQ:AAPL) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,987 shares of the iPhone maker’s stock after selling 1,310 shares during the quarter. Exchange Capital Management Inc.’s holdings in Apple were worth $5,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parker Financial LLC lifted its position in shares of Apple by 1.2% during the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after buying an additional 54 shares during the period. Mokosak Advisory Group LLC increased its holdings in Apple by 1.1% during the 2nd quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock valued at $1,079,000 after purchasing an additional 59 shares in the last quarter. Kraft Davis & Associates LLC increased its holdings in Apple by 0.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after purchasing an additional 59 shares in the last quarter. MKT Advisors LLC increased its holdings in Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after purchasing an additional 60 shares in the last quarter. Finally, Cassia Capital Partners LLC increased its holdings in Apple by 1.2% during the 3rd quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Insider Activity

In related news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the sale, the insider now owns 29,174 shares in the company, valued at $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Katherine L. Adams sold 123,448 shares of the company’s 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 sale, the senior vice president now owns 293,266 shares in the company, valued at $55,365,688.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the sale, the insider now owns 29,174 shares in the company, valued at approximately $5,601,408. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a report on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price target on Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Barclays dropped their price target on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 10th. Finally, DA Davidson began coverage on Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price for the company. One 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.72.

Read Our Latest Stock Report on AAPL

Apple Stock Performance

Shares of Apple stock opened at $188.85 on Monday. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The stock’s 50-day moving average is $190.51 and its 200-day moving average is $184.04. Apple Inc. has a one year low of $143.90 and a one year 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.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. Apple’s dividend payout ratio (DPR) is 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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