Apple Inc. (NASDAQ:AAPL) Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,767 shares of the iPhone maker’s stock after selling 231 shares during the quarter. Apple accounts for approximately 2.8% of Mattson Financial Services LLC’s holdings, making the stock its 3rd largest holding. Mattson Financial Services LLC’s holdings in Apple were worth $8,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Sugarloaf Wealth Management LLC increased its holdings in Apple by 0.5% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 55,477 shares of the iPhone maker’s stock worth $12,926,000 after purchasing an additional 262 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Apple by 15.5% during the third quarter. Park Place Capital Corp now owns 28,476 shares of the iPhone maker’s stock worth $6,635,000 after buying an additional 3,827 shares in the last quarter. Atomi Financial Group Inc. raised its position in Apple by 5.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 266,264 shares of the iPhone maker’s stock valued at $62,039,000 after buying an additional 13,855 shares during the last quarter. Traveka Wealth LLC lifted its stake in Apple by 2.7% in the 3rd quarter. Traveka Wealth LLC now owns 24,830 shares of the iPhone maker’s stock valued at $5,785,000 after acquiring an additional 657 shares in the last quarter. Finally, Legacy Private Trust Co. boosted its position in Apple by 1.4% during the 3rd quarter. Legacy Private Trust Co. now owns 179,826 shares of the iPhone maker’s stock worth $41,899,000 after acquiring an additional 2,511 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Citigroup increased their price objective on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital lowered their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Finally, TD Cowen boosted their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Performance

NASDAQ:AAPL opened at $232.87 on Tuesday. The stock has a market cap of $3.52 trillion, a P/E ratio of 38.30, a PEG ratio of 2.25 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $228.06 and its two-hundred day moving average price is $218.64. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

About Apple

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.