Opinicus Capital Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,901 shares of the iPhone maker’s stock after selling 724 shares during the period. Apple comprises approximately 8.4% of Opinicus Capital Inc.’s holdings, making the stock its largest holding. Opinicus Capital Inc.’s holdings in Apple were worth $10,462,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lantz Financial LLC lifted its holdings in Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after buying an additional 2,361 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Apple by 2.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 344,192 shares of the iPhone maker’s stock valued at $72,494,000 after acquiring an additional 6,793 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in Apple by 2.6% during the second quarter. ZWJ Investment Counsel Inc. now owns 287,608 shares of the iPhone maker’s stock worth $60,576,000 after purchasing an additional 7,321 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in Apple by 57.1% in the second quarter. China Universal Asset Management Co. Ltd. now owns 118,602 shares of the iPhone maker’s stock worth $24,980,000 after purchasing an additional 43,123 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of Apple by 2.8% during the second quarter. First Citizens Bank & Trust Co. now owns 524,633 shares of the iPhone maker’s stock worth $110,498,000 after purchasing an additional 14,213 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Apple Price Performance
AAPL opened at $229.98 on Friday. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20. The stock has a fifty day moving average of $241.01 and a 200-day moving average of $230.65. The company has a quick ratio of 0.83, a current ratio of 0.87 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.
Insider Transactions at Apple
In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have recently commented on AAPL shares. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Loop Capital decreased their target price on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Rosenblatt Securities increased their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, nine 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.
Read Our Latest Stock Analysis on AAPL
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.
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