Semmax Financial Advisors Inc. Sells 250 Shares of Apple Inc. (NASDAQ:AAPL)

Semmax Financial Advisors Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,047 shares of the iPhone maker’s stock after selling 250 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Apple were worth $459,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 93,886,664 shares in the last quarter. FMR LLC raised its position in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after purchasing an additional 7,558,826 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in Apple by 22,870.6% during the third 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. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the 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 approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $233.22 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.51 trillion, a P/E ratio of 37.02, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s fifty day moving average is $241.49 and its 200 day moving average is $230.96. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. Research analysts predict that Apple Inc. will post 7.33 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed 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 is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Maxim Group raised their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Moffett Nathanson restated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $242.52.

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.