Apple Inc. (NASDAQ:AAPL) Shares Sold by JBR Co Financial Management Inc

JBR Co Financial Management Inc reduced its position in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,444 shares of the iPhone maker’s stock after selling 115 shares during the period. Apple comprises approximately 4.6% of JBR Co Financial Management Inc’s holdings, making the stock its 3rd biggest holding. JBR Co Financial Management Inc’s holdings in Apple were worth $7,093,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Granite Investment Partners LLC boosted its holdings in Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after acquiring an additional 7,606 shares during the last quarter. Truist Financial Corp grew its position in Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after acquiring an additional 126,210 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Apple by 5.2% during the second quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock valued at $406,099,000 after purchasing an additional 95,235 shares during the period. CHICAGO TRUST Co NA lifted its position in shares of Apple by 15.2% during the third quarter. CHICAGO TRUST Co NA now owns 149,219 shares of the iPhone maker’s stock worth $34,768,000 after purchasing an additional 19,670 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Apple by 34.9% during the 3rd quarter. GAMMA Investing LLC now owns 200,214 shares of the iPhone maker’s stock valued at $46,650,000 after purchasing an additional 51,842 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.0 %

Apple stock opened at $239.59 on Tuesday. The firm’s 50 day moving average price is $229.02 and its two-hundred day moving average price is $220.02. The firm has a market cap of $3.62 trillion, a PE ratio of 39.41, a P/E/G ratio of 2.33 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $240.79. 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 quarterly earnings data 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 firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. New Street Research restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Barclays cut their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Tigress Financial boosted their target price on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple 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 sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 408,170 shares of company stock valued at $92,007,745. Company insiders own 0.06% of the company’s stock.

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.