FOCUS Wealth Advisors LLC Sells 273 Shares of Apple Inc. (NASDAQ:AAPL)

FOCUS Wealth Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,676 shares of the iPhone maker’s stock after selling 273 shares during the period. Apple makes up 1.8% of FOCUS Wealth Advisors LLC’s holdings, making the stock its 18th largest position. FOCUS Wealth Advisors LLC’s holdings in Apple were worth $3,653,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAPL. Exchange Traded Concepts LLC raised its position in shares of Apple by 8.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 404,599 shares of the iPhone maker’s stock valued at $94,272,000 after acquiring an additional 33,082 shares during the period. Compton Wealth Advisory Group LLC grew its holdings in shares of Apple by 2.1% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 64,397 shares of the iPhone maker’s stock valued at $15,005,000 after buying an additional 1,313 shares during the period. Retirement Planning Group LLC increased its position in shares of Apple by 22.1% in the 3rd quarter. Retirement Planning Group LLC now owns 124,681 shares of the iPhone maker’s stock valued at $29,038,000 after buying an additional 22,532 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Apple by 48.5% during the third quarter. Annex Advisory Services LLC now owns 298,608 shares of the iPhone maker’s stock worth $69,576,000 after acquiring an additional 97,567 shares in the last quarter. Finally, Westend Capital Management LLC grew its stake in Apple by 1.4% in the third quarter. Westend Capital Management LLC now owns 68,655 shares of the iPhone maker’s stock valued at $15,997,000 after acquiring an additional 971 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAPL. UBS Group boosted their price objective on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Moffett Nathanson lowered their price objective on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research report on Tuesday, November 19th. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, November 1st. Loop Capital lowered their target price on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Barclays cut their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.68.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the business’s 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 completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock valued at $92,007,745 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

NASDAQ:AAPL opened at $237.33 on Monday. The company has a market cap of $3.59 trillion, a P/E ratio of 39.03, a P/E/G ratio of 2.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm’s fifty day moving average price is $229.02 and its two-hundred day moving average price is $220.02. Apple Inc. has a one year low of $164.07 and a one year high of $237.81.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.