Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 78,067 shares of the iPhone maker’s stock after selling 4,584 shares during the period. Apple makes up about 6.0% of Heritage Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. Heritage Wealth Management Inc.’s holdings in Apple were worth $18,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lantz Financial LLC increased its holdings in Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the last quarter. Dupont Capital Management Corp raised its position in Apple by 5.2% in the 2nd quarter. Dupont Capital Management Corp now owns 260,947 shares of the iPhone maker’s stock valued at $54,961,000 after purchasing an additional 12,984 shares in the last quarter. Evolution Wealth Advisors LLC lifted its position in shares of Apple by 16.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 31,109 shares of the iPhone maker’s stock worth $6,562,000 after purchasing an additional 4,295 shares during the last quarter. TruNorth Capital Management LLC boosted its position in shares of Apple by 0.7% during the 2nd quarter. TruNorth Capital Management LLC now owns 10,074 shares of the iPhone maker’s stock worth $2,122,000 after acquiring an additional 70 shares in the last quarter. Finally, Chaney Capital Management Inc. boosted its holdings in Apple by 21.5% in the second quarter. Chaney Capital Management Inc. now owns 36,443 shares of the iPhone maker’s stock valued at $7,676,000 after purchasing an additional 6,451 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 1.0 %

Shares of AAPL opened at $234.40 on Tuesday. The stock’s 50-day moving average is $240.43 and its two-hundred day moving average is $230.36. The stock has a market cap of $3.54 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.41 and a beta of 1.20. 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 Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

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

Apple Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on AAPL shares. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and upped their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Loop Capital dropped their price target on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Wedbush lifted their price objective on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, December 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Insider Buying and Selling at Apple

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

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.