Apple Inc. (NASDAQ:AAPL) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,617 shares of the iPhone maker’s stock after selling 730 shares during the quarter. Apple makes up 1.6% of Outlook Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding. Outlook Wealth Advisors LLC’s holdings in Apple were worth $5,503,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC grew its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc grew its position 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 worth $69,000 after acquiring an additional 144 shares in the last quarter. Cordant Inc. lifted its stake in Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new stake in shares of Apple during the second quarter worth $206,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AAPL. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Oppenheimer reiterated a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Apple in a research note on Friday, November 29th. Finally, Rosenblatt Securities boosted their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 61,019 shares of the company’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 transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This represents a 24.60 % 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, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock valued at $117,004,745 in the last three months. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $258.20 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a 50-day moving average of $235.93 and a 200-day moving average of $226.77. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $258.21. The stock has a market cap of $3.90 trillion, a PE ratio of 42.47, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued 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 company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Apple’s payout ratio is 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.