Atlas Private Wealth Advisors Sells 79 Shares of Apple Inc. (NASDAQ:AAPL)

Atlas Private Wealth Advisors decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 97,372 shares of the iPhone maker’s stock after selling 79 shares during the period. Apple accounts for about 3.3% of Atlas Private Wealth Advisors’ holdings, making the stock its 9th largest position. Atlas Private Wealth Advisors’ holdings in Apple were worth $22,689,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. increased its holdings in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Lutz Financial Services LLC increased its holdings in shares of Apple by 2.0% during the 1st quarter. Lutz Financial Services LLC now owns 5,902 shares of the iPhone maker’s stock valued at $1,012,000 after acquiring an additional 113 shares during the last quarter. BCU Wealth Advisors LLC grew its holdings in Apple by 9.7% in the 1st quarter. BCU Wealth Advisors LLC now owns 3,627 shares of the iPhone maker’s stock valued at $622,000 after buying an additional 322 shares during the last quarter. Etfidea LLC increased its position in Apple by 0.5% in the 1st quarter. Etfidea LLC now owns 15,853 shares of the iPhone maker’s stock worth $2,718,000 after buying an additional 78 shares during the period. Finally, Westchester Capital Management Inc. lifted its holdings in shares of Apple by 0.4% during the first quarter. Westchester Capital Management Inc. now owns 175,926 shares of the iPhone maker’s stock worth $30,168,000 after buying an additional 720 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction 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 directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.1 %

NASDAQ AAPL opened at $234.93 on Thursday. The stock has a fifty day moving average of $228.71 and a 200-day moving average of $219.12. The stock has a market capitalization of $3.55 trillion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. 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:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during 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 business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. On average, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price objective on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital dropped their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Tigress Financial increased their target price on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Wedbush restated an “outperform” rating and set a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Finally, Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

About Apple

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.