Apple Inc. (NASDAQ:AAPL) Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. cut its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,404 shares of the iPhone maker’s stock after selling 8,477 shares during the quarter. Apple makes up approximately 1.0% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 20th largest position. Comgest Global Investors S.A.S.’s holdings in Apple were worth $72,091,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAPL. Bull Oak Capital LLC lifted its position in shares of 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 buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple during the second quarter valued at $42,000. Christopher J. Hasenberg Inc grew 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 valued at $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth about $110,000. Finally, Cordant Inc. lifted its stake in Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. The Goldman Sachs Group reduced their target price on Apple from $286.00 to $280.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Apple from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday. Piper Sandler reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Finally, UBS Group restated a “neutral” rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, nine have issued 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, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Read Our Latest Stock Analysis on Apple

Apple Stock Down 0.4 %

Shares of NASDAQ:AAPL opened at $222.78 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The stock’s 50-day moving average price is $240.97 and its two-hundred day moving average price is $230.72. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.19 and a beta of 1.20.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s payout ratio is 16.45%.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction 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 in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s 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 transaction, the insider now 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. Corporate insiders own 0.06% of the company’s stock.

Apple Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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