Tyche Wealth Partners LLC Has $29.75 Million Position in Apple Inc. (NASDAQ:AAPL)

Tyche Wealth Partners LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,668 shares of the iPhone maker’s stock after selling 1,728 shares during the period. Apple accounts for approximately 6.7% of Tyche Wealth Partners LLC’s portfolio, making the stock its 2nd biggest holding. Tyche Wealth Partners LLC’s holdings in Apple were worth $29,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Apple by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock worth $11,160,183,000 after acquiring an additional 2,785,807 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock worth $10,909,457,000 after purchasing an additional 3,245,281 shares in the last quarter. American Century Companies Inc. increased its position in shares of Apple by 3.2% during the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock valued at $7,291,583,000 after purchasing an additional 1,065,759 shares during the period. Finally, Swedbank AB raised its stake in shares of Apple by 13.4% in the second quarter. Swedbank AB now owns 20,008,650 shares of the iPhone maker’s stock valued at $4,214,222,000 after purchasing an additional 2,359,409 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. New Street Research restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. UBS Group reissued a “neutral” rating and issued a $236.00 target price on shares of Apple in a report on Monday, December 2nd. Wedbush boosted their price target on Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, December 26th. Citigroup increased their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and upped their target price for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.47.

Apple Stock Down 1.3 %

Shares of NASDAQ:AAPL opened at $252.20 on Tuesday. The firm has a market cap of $3.81 trillion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a fifty day simple moving average of $237.41 and a 200 day simple moving average of $227.89. 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 $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is currently owned by company insiders.

Apple Profile

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.