Zweig DiMenna Associates LLC Has $14.21 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Zweig DiMenna Associates LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 43.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,981 shares of the iPhone maker’s stock after selling 46,115 shares during the quarter. Apple comprises about 1.4% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 22nd biggest holding. Zweig DiMenna Associates LLC’s holdings in Apple were worth $14,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. Cordant Inc. lifted its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares during the last quarter. Hoese & Co LLP boosted its stake in shares of Apple by 6.7% during the 2nd 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 period. Finally, Sage Financial Group Inc. acquired a new position in shares of Apple during the 2nd quarter worth approximately $206,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s 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 directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 508,170 shares of company stock worth $117,004,745. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAPL shares. Moffett Nathanson cut their price target on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Apple in a research note on Friday, November 29th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and upped their price target for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Oppenheimer reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Finally, UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Apple Stock Performance

Shares of AAPL stock opened at $254.49 on Monday. 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 Inc. has a 12 month low of $164.07 and a 12 month high of $255.00. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The business’s 50-day moving average price is $234.97 and its 200-day moving average price is $225.70.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) 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.