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

Dopkins Wealth Management LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 30.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,600 shares of the iPhone maker’s stock after selling 4,661 shares during the quarter. Apple accounts for 2.0% of Dopkins Wealth Management LLC’s portfolio, making the stock its 13th largest position. Dopkins Wealth Management LLC’s holdings in Apple were worth $2,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% in 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 period. ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter worth $110,000. Finally, Cordant Inc. boosted its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday. Wells Fargo & Company increased their price objective on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays increased their price objective on Apple to $184.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Sanford C. Bernstein increased their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.02.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The stock was 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 in the company, 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. 0.06% of the stock is owned by company insiders.

Apple Trading Down 3.2 %

AAPL stock opened at $222.64 on Wednesday. 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 twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20. The firm’s fifty day simple moving average is $241.12 and its two-hundred day simple moving average is $230.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Apple Company 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.