Sustainable Insight Capital Management LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Sustainable Insight Capital Management LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,401 shares of the iPhone maker’s stock after selling 3,400 shares during the quarter. Apple comprises approximately 7.9% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its biggest holding. Sustainable Insight Capital Management LLC’s holdings in Apple were worth $17,335,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAPL. Bull Oak Capital LLC raised its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new position in Apple in the third quarter valued at approximately $110,000. Finally, Cordant Inc. boosted its stake in 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 acquiring an additional 173 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the company’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 transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Down 4.0 %

Shares of AAPL stock opened at $228.26 on Friday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.32 and a beta of 1.20. The firm’s 50-day moving average is $240.93 and its 200-day moving average is $230.57. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. Jefferies Financial Group cut 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 set a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Finally, New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

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.