Apple Inc. (NASDAQ:AAPL) Shares Sold by TLW Wealth Management LLC

TLW Wealth Management LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,945 shares of the iPhone maker’s stock after selling 69 shares during the quarter. Apple comprises 7.7% of TLW Wealth Management LLC’s holdings, making the stock its 6th biggest position. TLW Wealth Management LLC’s holdings in Apple were worth $13,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Lantz Financial LLC increased its holdings in shares of Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the period. Fifth Third Bancorp increased its holdings in shares of Apple by 0.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,202,902 shares of the iPhone maker’s stock valued at $1,306,455,000 after acquiring an additional 48,719 shares during the last quarter. Oak Harvest Investment Services lifted its stake in shares of Apple by 3.1% in the second quarter. Oak Harvest Investment Services now owns 124,883 shares of the iPhone maker’s stock worth $26,303,000 after buying an additional 3,727 shares during the last quarter. Centennial Wealth Advisory LLC boosted its stake in Apple by 5.6% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 28,773 shares of the iPhone maker’s stock valued at $6,060,000 after purchasing an additional 1,529 shares during the period. Finally, Geneva Partners LLC increased its position in Apple by 2,181.9% during the second quarter. Geneva Partners LLC now owns 63,826 shares of the iPhone maker’s stock worth $13,443,000 after acquiring an additional 61,029 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 sale, the chief operating officer now 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. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 0.8 %

Shares of NASDAQ AAPL opened at $229.98 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20. The company has a 50-day moving average price of $241.01 and a 200-day moving average price of $230.79.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for 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 business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 EPS. On average, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. Raymond James increased their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. New Street Research reiterated a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Sanford C. Bernstein boosted their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average 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.