Apple Inc. (NASDAQ:AAPL) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,676 shares of the iPhone maker’s stock after selling 13,734 shares during the quarter. Apple accounts for approximately 3.2% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 6th largest position. 1834 Investment Advisors Co.’s holdings in Apple were worth $27,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AAPL. Lantz Financial LLC lifted its stake in Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after buying an additional 2,361 shares during the period. 180 Wealth Advisors LLC grew its holdings in Apple by 0.4% during the second quarter. 180 Wealth Advisors LLC now owns 107,737 shares of the iPhone maker’s stock worth $24,518,000 after buying an additional 452 shares in the last quarter. Salvus Wealth Management LLC increased its stake in Apple by 15.1% in the 2nd quarter. Salvus Wealth Management LLC now owns 23,938 shares of the iPhone maker’s stock valued at $5,042,000 after buying an additional 3,137 shares during the last quarter. Capital Wealth Management LLC increased its position in shares of Apple by 96.9% during the 2nd quarter. Capital Wealth Management LLC now owns 2,894 shares of the iPhone maker’s stock valued at $610,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Breed s Hill Capital LLC boosted its stake in Apple by 1.0% in the second quarter. Breed s Hill Capital LLC now owns 26,540 shares of the iPhone maker’s stock valued at $5,590,000 after acquiring an additional 270 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AAPL shares. Rosenblatt Securities boosted their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America reaffirmed a “buy” rating and set a $256.00 target price on shares of Apple in a report on Friday, January 3rd. UBS Group restated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Moffett Nathanson reiterated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and boosted their price target for the company from $205.00 to $212.92 in a report on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.64.

Apple Stock Up 0.2 %

Shares of NASDAQ:AAPL opened at $242.70 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.67 trillion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a fifty day simple moving average of $239.91 and a 200 day simple moving average of $229.75.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the company posted $1.46 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company 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. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s payout ratio 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.