Apple Inc. (NASDAQ:AAPL) Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,532 shares of the iPhone maker’s stock after selling 164 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Apple were worth $1,755,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AAPL. China Universal Asset Management Co. Ltd. lifted 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 in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Apple by 2.4% during the first quarter. TCI Wealth Advisors Inc. now owns 129,356 shares of the iPhone maker’s stock valued at $22,182,000 after acquiring an additional 3,054 shares during the period. BCGM Wealth Management LLC increased its stake in shares of Apple by 0.9% in the first quarter. BCGM Wealth Management LLC now owns 19,743 shares of the iPhone maker’s stock valued at $3,386,000 after purchasing an additional 177 shares during the period. Atomi Financial Group Inc. raised its position in shares of Apple by 13.3% during the 1st quarter. Atomi Financial Group Inc. now owns 215,902 shares of the iPhone maker’s stock worth $37,023,000 after buying an additional 25,292 shares in the last quarter. Finally, Significant Wealth Partners LLC increased its position in shares of Apple by 2.8% during the 1st quarter. Significant Wealth Partners LLC now owns 3,395 shares of the iPhone maker’s stock valued at $582,000 after purchasing an additional 93 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAPL. Barclays lowered 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. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Bank of America reiterated a “buy” rating and issued a $256.00 price target on shares of Apple in a research report on Thursday, October 3rd. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. Finally, Melius Research reaffirmed a “buy” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $235.68.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 59,730 shares of Apple 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 directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $242.65 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $242.76. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The business’s fifty day simple moving average is $229.59 and its 200 day simple moving average is $220.74. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 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.