Apple Inc. (NASDAQ:AAPL) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,106 shares of the iPhone maker’s stock after selling 11,671 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Apple were worth $22,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. High Net Worth Advisory Group LLC boosted its holdings in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares in the last quarter. Amara Financial LLC. acquired a new position in Apple in the 3rd quarter worth approximately $288,000. Granite Investment Partners LLC boosted its stake in Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp boosted its stake in Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the period. Finally, Sterling Investment Counsel LLC lifted its position in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 0.7 %

Shares of NASDAQ AAPL opened at $236.00 on Monday. The stock has a market cap of $3.55 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20. The firm has a 50 day moving average price of $241.68 and a 200 day moving average price of $230.84. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. Analysts expect that Apple Inc. will post 7.34 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAPL. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Thursday, January 23rd. Rosenblatt Securities restated a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Barclays raised their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday. Finally, Citigroup raised their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $242.52.

Apple Profile

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.