JTC Employer Solutions Trustee Ltd Has $22.29 Million Holdings in Apple Inc. (NASDAQ:AAPL)

JTC Employer Solutions Trustee Ltd cut its position in Apple Inc. (NASDAQ:AAPL) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 95,685 shares of the iPhone maker’s stock after selling 1,120 shares during the quarter. Apple accounts for about 1.5% of JTC Employer Solutions Trustee Ltd’s holdings, making the stock its 8th largest holding. JTC Employer Solutions Trustee Ltd’s holdings in Apple were worth $22,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. increased its holdings in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after purchasing an additional 42,282 shares during the period. Hutner Capital Management Inc. grew its position in shares of Apple by 6.8% in the 1st quarter. Hutner Capital Management Inc. now owns 17,989 shares of the iPhone maker’s stock worth $3,085,000 after buying an additional 1,140 shares during the last quarter. Strait & Sound Wealth Management LLC increased its stake in shares of Apple by 5.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 67,203 shares of the iPhone maker’s stock valued at $11,763,000 after buying an additional 3,387 shares during the period. Northern Capital Management Inc. raised its holdings in shares of Apple by 4.6% during the first quarter. Northern Capital Management Inc. now owns 13,133 shares of the iPhone maker’s stock valued at $2,252,000 after acquiring an additional 578 shares in the last quarter. Finally, Catalytic Wealth RIA LLC lifted its stake in Apple by 43.3% in the first quarter. Catalytic Wealth RIA LLC now owns 103,925 shares of the iPhone maker’s stock worth $17,821,000 after acquiring an additional 31,409 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated 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 sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL opened at $246.49 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $231.24 and its two-hundred day moving average is $222.66. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $250.80. The firm has a market capitalization of $3.73 trillion, a PE ratio of 40.54, a P/E/G ratio of 2.42 and a beta of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Moffett Nathanson cut their price objective on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. Morgan Stanley restated an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Monday, November 25th. Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Maxim Group lifted their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $236.78.

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.