PFS Partners LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

PFS Partners LLC lowered its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 3.7% during the 3rd quarter, Holdings Channel reports. The firm owned 6,590 shares of the iPhone maker’s stock after selling 255 shares during the period. Apple makes up about 0.9% of PFS Partners LLC’s investment portfolio, making the stock its 20th largest holding. PFS Partners LLC’s holdings in Apple were worth $1,535,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after purchasing an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in Apple by 22,870.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after acquiring an additional 5,566,250 shares during the period. William Blair Investment Management LLC bought a new stake in Apple during the second quarter valued at $834,368,000. Finally, National Pension Service raised its holdings in shares of Apple by 14.0% in the 3rd quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker’s stock valued at $6,496,738,000 after acquiring an additional 3,416,922 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly 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 disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Evercore ISI reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Wedbush upped their price target on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, December 26th. Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and raised their target price for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Finally, Maxim Group raised their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Three equities research 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $239.85.

Read Our Latest Research Report on Apple

Apple Stock Performance

NASDAQ:AAPL opened at $237.87 on Thursday. The firm has a market capitalization of $3.58 trillion, a PE ratio of 39.12, a PEG ratio of 2.41 and a beta of 1.20. The stock’s fifty day moving average is $240.63 and its 200 day moving average is $230.52. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating 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 business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

About Apple

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.