Northwest Quadrant Wealth Management LLC Sells 95 Shares of Apple Inc. (NASDAQ:AAPL)

Northwest Quadrant Wealth Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,237 shares of the iPhone maker’s stock after selling 95 shares during the quarter. Apple comprises approximately 0.8% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Northwest Quadrant Wealth Management LLC’s holdings in Apple were worth $3,550,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAPL. Granite Investment Partners LLC increased its stake in shares of Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares during the period. Truist Financial Corp raised its stake in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after buying an additional 126,210 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock valued at $406,099,000 after buying an additional 95,235 shares during the period. Bellwether Advisors LLC lifted its holdings in shares of Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after buying an additional 19,352 shares during the period. Finally, Gentry Private Wealth LLC acquired a new position in Apple during the second quarter worth $876,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 0.3 %

Shares of NASDAQ AAPL opened at $229.00 on Thursday. The stock has a market capitalization of $3.46 trillion, a P/E ratio of 37.66, a PEG ratio of 2.20 and a beta of 1.24. The stock’s 50 day moving average price is $227.47 and its two-hundred day moving average price is $217.40. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. On average, analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s payout ratio is currently 16.45%.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. New Street Research reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Moffett Nathanson decreased their price objective on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Citigroup lifted their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James upped their price objective on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.25.

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.