Insight 2811 Inc. Sells 99 Shares of Apple Inc. (NASDAQ:AAPL)

Insight 2811 Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,120 shares of the iPhone maker’s stock after selling 99 shares during the quarter. Apple makes up approximately 1.1% of Insight 2811 Inc.’s investment portfolio, making the stock its 14th largest holding. Insight 2811 Inc.’s holdings in Apple were worth $2,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bull Oak Capital LLC increased its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% during the 3rd 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 during the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. grew its position in shares of Apple by 34.3% during the 3rd 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. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.1 %

NASDAQ AAPL opened at $223.66 on Friday. The stock has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 36.79, a PEG ratio of 2.18 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business’s fifty day moving average is $241.07 and its 200-day moving average is $230.77.

Apple (NASDAQ:AAPL) last released its 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. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. 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 business posted $1.46 EPS. Equities research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

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 0.45%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Analysts Set New Price Targets

Several brokerages have recently commented on AAPL. Bank of America reaffirmed a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Friday, January 3rd. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays reduced their price objective on shares of Apple from $184.00 to $183.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $211.84 to $200.75 in a research report on Tuesday. Four equities 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.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.14.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated 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 completion of the sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.