Green Alpha Advisors LLC Trims Holdings in Apple Inc. (NASDAQ:AAPL)

Green Alpha Advisors LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,146 shares of the iPhone maker’s stock after selling 180 shares during the period. Green Alpha Advisors LLC’s holdings in Apple were worth $1,199,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AAPL. China Universal Asset Management Co. Ltd. raised its position in Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Schulhoff & Co. Inc. grew its stake in shares of Apple by 0.4% during the 1st quarter. Schulhoff & Co. Inc. now owns 18,925 shares of the iPhone maker’s stock worth $3,245,000 after purchasing an additional 78 shares during the period. Palisade Asset Management LLC increased its holdings in shares of Apple by 6.4% in the 1st quarter. Palisade Asset Management LLC now owns 242,164 shares of the iPhone maker’s stock valued at $41,526,000 after purchasing an additional 14,585 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of Apple by 567.9% in the first quarter. Hollencrest Capital Management now owns 1,069,412 shares of the iPhone maker’s stock valued at $183,383,000 after purchasing an additional 909,303 shares during the period. Finally, Main Street Research LLC boosted its holdings in Apple by 3.0% during the first quarter. Main Street Research LLC now owns 346,552 shares of the iPhone maker’s stock worth $59,427,000 after buying an additional 10,204 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. UBS Group raised their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Tigress Financial raised their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Piper Sandler restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Performance

Shares of AAPL opened at $229.87 on Friday. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock has a 50 day moving average price of $227.73 and a two-hundred day moving average price of $218.06.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. Equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In related news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

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.