Asio Capital LLC Has $13.06 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Asio Capital LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,066 shares of the iPhone maker’s stock after selling 246 shares during the quarter. Apple makes up approximately 2.5% of Asio Capital LLC’s holdings, making the stock its 9th largest position. Asio Capital LLC’s holdings in Apple were worth $13,063,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC acquired a new position in Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. Hoese & Co LLP lifted its holdings in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in shares of Apple during the second quarter worth $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in shares of Apple during the second quarter worth $208,000. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AAPL. Piper Sandler reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America reiterated a “buy” rating and set a $256.00 price target on shares of Apple in a research note on Thursday, October 3rd. Moffett Nathanson decreased their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and raised their price objective for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $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 accessible through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by insiders.

Apple Trading Up 1.0 %

AAPL opened at $237.33 on Friday. The company has a market cap of $3.59 trillion, a P/E ratio of 39.03, a PEG ratio of 2.30 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50-day simple moving average is $229.02 and its 200-day simple moving average is $219.81.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’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. As a group, equities research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.