Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 396,508 shares of the iPhone maker’s stock after selling 12,289 shares during the quarter. Apple accounts for about 2.1% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 8th largest position. Signature Estate & Investment Advisors LLC’s holdings in Apple were worth $92,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BluePointe Capital Management LLC grew its stake in shares of Apple by 2.6% during the third quarter. BluePointe Capital Management LLC now owns 13,733 shares of the iPhone maker’s stock worth $3,200,000 after purchasing an additional 354 shares in the last quarter. Black Diamond Financial LLC grew its stake in shares of Apple by 4.2% during the third quarter. Black Diamond Financial LLC now owns 29,956 shares of the iPhone maker’s stock worth $6,980,000 after purchasing an additional 1,194 shares in the last quarter. First Business Financial Services Inc. grew its stake in shares of Apple by 10.4% during the third quarter. First Business Financial Services Inc. now owns 58,144 shares of the iPhone maker’s stock worth $13,548,000 after purchasing an additional 5,458 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Apple by 7.6% during the third quarter. CIBC Asset Management Inc now owns 3,874,982 shares of the iPhone maker’s stock worth $902,764,000 after purchasing an additional 274,461 shares in the last quarter. Finally, Intellectus Partners LLC grew its stake in shares of Apple by 21.6% during the third quarter. Intellectus Partners LLC now owns 25,166 shares of the iPhone maker’s stock worth $5,864,000 after purchasing an additional 4,470 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple Trading Down 0.1 %

Shares of AAPL opened at $223.66 on Friday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The firm has a 50 day simple moving average of $241.07 and a 200-day simple moving average of $230.77. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 2.18 and a beta of 1.20. 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 (NASDAQ:AAPL) last announced its earnings results 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. 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 analyst estimates of $94.52 billion. During the same quarter last year, the business earned $1.46 earnings per share. Apple’s revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. UBS Group restated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Rosenblatt Securities upped their price objective on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays decreased their price objective on shares of Apple from $184.00 to $183.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Oppenheimer restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.14.

Apple 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.