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

Arcataur Capital Management LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,053 shares of the iPhone maker’s stock after selling 173 shares during the quarter. Apple makes up 1.7% of Arcataur Capital Management LLC’s holdings, making the stock its 13th largest position. Arcataur Capital Management LLC’s holdings in Apple were worth $4,905,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAPL. Fiduciary Planning LLC boosted its position in Apple by 12.1% during the third quarter. Fiduciary Planning LLC now owns 14,015 shares of the iPhone maker’s stock worth $3,265,000 after acquiring an additional 1,510 shares during the last quarter. Greystone Financial Group LLC boosted its position in shares of Apple by 1.0% during the 3rd quarter. Greystone Financial Group LLC now owns 82,647 shares of the iPhone maker’s stock valued at $19,257,000 after acquiring an additional 830 shares during the last quarter. Dixon Fnancial Services Inc. grew its holdings in shares of Apple by 1.2% in the third quarter. Dixon Fnancial Services Inc. now owns 16,967 shares of the iPhone maker’s stock valued at $3,953,000 after purchasing an additional 205 shares during the period. Global Assets Advisory LLC increased its position in Apple by 12.0% during the third quarter. Global Assets Advisory LLC now owns 63,613 shares of the iPhone maker’s stock worth $14,390,000 after purchasing an additional 6,821 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its stake in Apple by 0.6% during the third quarter. JCIC Asset Management Inc. now owns 111,561 shares of the iPhone maker’s stock worth $25,994,000 after purchasing an additional 670 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Maxim Group raised their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Finally, UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % 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, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 1.9 %

Shares of NASDAQ AAPL opened at $254.49 on Monday. The company has a 50 day simple moving average of $234.97 and a 200 day simple moving average of $225.70. The firm has a market cap of $3.85 trillion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $255.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 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.