Clarus Group Inc. Has $9.91 Million Stake in Apple Inc. (NASDAQ:AAPL)

Clarus Group Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,529 shares of the iPhone maker’s stock after selling 1,279 shares during the period. Apple comprises about 4.2% of Clarus Group Inc.’s portfolio, making the stock its 6th largest holding. Clarus Group Inc.’s holdings in Apple were worth $9,909,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Hershey Financial Advisers LLC bought a new stake in Apple during the second quarter valued at $42,000. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. Cordant Inc. grew its position in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares during the last quarter. Hoese & Co LLP grew its position in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new position in shares of Apple during the second quarter worth about $206,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other Apple news, 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 transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, 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. Over the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 0.1 %

AAPL opened at $248.13 on Monday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $250.80. 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 has a market capitalization of $3.75 trillion, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23. The business has a 50 day moving average of $232.50 and a 200-day moving average of $223.88.

Apple (NASDAQ:AAPL) last issued its 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 firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the business earned $1.46 earnings per share. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 26th. Loop Capital lowered their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Barclays reduced their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Apple in a report on Friday, November 29th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Apple Company 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.