Boomfish Wealth Group LLC Has $3.44 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Boomfish Wealth Group LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,750 shares of the iPhone maker’s stock after selling 416 shares during the quarter. Apple makes up approximately 2.1% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 7th largest holding. Boomfish Wealth Group LLC’s holdings in Apple were worth $3,437,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAPL. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the second quarter worth about $42,000. Christopher J. Hasenberg Inc grew its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. Hoese & Co LLP grew its stake in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new stake in shares of Apple during the second quarter worth about $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in shares of Apple during the second quarter worth about $208,000. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 0.1 %

Shares of AAPL opened at $243.01 on Thursday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $244.11. The company has a market capitalization of $3.67 trillion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The stock has a fifty day simple moving average of $229.92 and a two-hundred day simple moving average of $220.90. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

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, topping analysts’ consensus estimates of $1.60 by $0.04. The business 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 company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. As a group, equities 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. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. 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 (DPR) is 16.45%.

Insider Buying and Selling at Apple

In other Apple news, 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 transaction of $945,233.10. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAPL. Moffett Nathanson dropped their price target on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 19th. Tigress Financial upped their target price on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. New Street Research reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and upped their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.68.

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.