All Terrain Financial Advisors LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,845 shares of the iPhone maker’s stock after selling 1,148 shares during the period. Apple makes up approximately 5.2% of All Terrain Financial Advisors LLC’s holdings, making the stock its 4th biggest holding. All Terrain Financial Advisors LLC’s holdings in Apple were worth $14,177,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its holdings 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 period. ARK Investment Management LLC acquired a new position in shares of Apple in the third quarter valued at approximately $110,000. Finally, Cordant Inc. increased its stake 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 purchasing an additional 173 shares during the period. Institutional investors own 67.73% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on AAPL shares. Wells Fargo & Company increased their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America boosted their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 target price on shares of Apple in a report on Monday, January 27th. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $242.52.
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 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 approximately $3,528,946.53. The trade was a 21.13 % 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, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 389,944 shares of the company’s stock, valued at $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. Corporate insiders own 0.06% of the company’s stock.
Apple Price Performance
NASDAQ AAPL opened at $232.80 on Wednesday. The company has a 50-day moving average price of $241.58 and a 200-day moving average price of $230.89. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.50 trillion, a P/E ratio of 36.95, a PEG ratio of 2.36 and a beta of 1.20.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts anticipate that Apple Inc. will post 7.33 earnings per share for the current year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is currently 15.87%.
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.
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