CX Institutional Has $36.93 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

CX Institutional lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,484 shares of the iPhone maker’s stock after selling 5,336 shares during the quarter. Apple makes up approximately 1.6% of CX Institutional’s holdings, making the stock its 7th biggest holding. CX Institutional’s holdings in Apple were worth $36,927,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hershey Financial Advisers LLC acquired a new position in Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Hoese & Co LLP raised its position in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in Apple during the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in Apple during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Up 0.1 %

Apple stock opened at $243.01 on Thursday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $244.11. The firm has a market capitalization of $3.67 trillion, a PE ratio of 39.97, a P/E/G ratio of 2.35 and a beta of 1.23. The company’s 50-day moving average is $229.92 and its 200-day moving average is $220.90. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last announced 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. 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 previous year, the business earned $1.46 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last quarter. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on AAPL. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Rosenblatt Securities raised their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group reiterated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple 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.